16 Jan, 2018 9:02a.m.

Govt. considering salary raise of employees up to pay matrix level 5

The central government it is considering a proposal to raise the salary of junior level employees. The hike may be applicable for those whose pay falls within pay matrix level 5. The salary of mid and senior level central government employees is likely to be unchanged.

“The government is considering a proposal to raise the salary of all central government employees up to pay matrix level 5, beyond the 7th Pay Commission’s recommendation,” said a senior official in the finance ministry on the condition of anonymity.

He, however, refused to divulge any further details on what the quantum of the increase will be. “The government is working on the numbers and also on the burden to the exchequer. It is not finalised yet; however, it will be close to the demands of the union. There will be more clarity on it in the next few weeks,” the official said.

The salary of mid level and senior level will remain unchanged.

“There will be no change in salaries of employees above pay matrix level 5. The ministry is of the view that they have already got a good hike in the seventh pay commission recommendations,” the senior official added.

Reference : http://www.newindianexpress.com/business/2018/jan/16/junior-level-central-government-employees-may-get-salary-hike-1754947.html
Whatsapp Share Button

🏠 Go to StaffCorner.com Home Page

Latest in Important News
Latest in Other News Sections
CPAO FAQ For the Beneficiaries Of NPS- Additional Relief Scheme 🕑 13 Mar,19 11:06p.m.
'One Nation One Card' mobility card launched 🕑 05 Mar,19 1:47p.m.
PFRDA working on minimum assured returns for NPS subscribers 🕑 24 Feb,19 1:58p.m.
EPFO's 8.65% interest rate for FY19 is actually equivalent to 13.5%. 🕑 24 Feb,19 11a.m.
EPFO to offer 8.65%, its 1st hike in 4 years 🕑 22 Feb,19 10:51a.m.
RBI cuts repo rate by 25bps. EMIs likely to get cheaper 🕑 07 Feb,19 1:02p.m.
Budget 2019 expectations : IT exemption limit likely to be hiked to Rs 5 lakh 🕑 17 Jan,19 9:29p.m.
Researchers develop plants that can remove cancer-causing pollutants 🕑 27 Dec,18 12:59p.m.
6 months of aerobic exercise reverses brain ageing by 9 years 🕑 24 Dec,18 2:31p.m.
All you need to know about NPS changed withdrawal norms 🕑 24 Dec,18 11:47a.m.