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06 Oct, 2015 10:39 PM

Govt. restricting 7th CPC benefits? FM says "7th CPC will be mindful of fiscal concerns"

Govt. restricting 7th CPC benefits? FM says "7th CPC will be mindful of fiscal concerns"
Finance ministry has indicated that the Seventh Pay Commission will be mindful of the fiscal concerns of the government while giving its report on new pay scales and remunerations for central government employees and pensioners.

“We have communicated our concerns with regard to sustainability of public expenditure to Pay Commission. I am sure the members and chairman of the commission are aware of and will be sensitive to our concerns,” finance secretary Ratan Watal told reporters in New Delhi.

The Commission has time till December to submit its report, he said, adding thereafter it would be scrutinised by a secretariat to be set up in the finance ministry. Watal said although the recommendations would be implemented from 1 January, 2016, the burden on the exchequer would not be much in the current financial year. However, he added, it would have implications in next fiscal. 

The Commission, headed by Justice A K Mathur, was appointed by the previous UPA government in February 2014 for 18 months and term was to end in August 2015. Justice Mathur had told  August 25, “The Commission may submit its report by the end of September.” But the government then extended the term by four months till 31 December, 2015. There are reports indicating that the government do not want the report to be out before Bihar polls



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