Wednesday, 18 November 2015

The Seventh Central Pay Commission has announced that it will submit the report to the Government of India on 19.11.2015 at 19.30 hours.

Finance ministry has indicated that the Seventh Central Pay Commission was mindful of the fiscal concerns of the Govt. Finance ministry has already communicated its concerns with regard to sustainability of public expenditure to Pay Commission.

Finance Secretary said that after submission of VII CPC report, it would be scrutinised by a secretariat to be set up in the Finance ministry.

Finance Minister already said that VII CPC, OROP will not impact fiscal deficit.

When the Pay Commission itself was ready to submit the report in stipulated time initially, the Central government gave four months extension upto December 2015.

The VII CPC recommendations should be implemented w.e.f 01.01.2014.


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