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30 July 2017

7th Pay Commission is the last now Pay hikes yearly for central government employees

7th Pay Commission is the last now Pay hikes yearly for central government employees

With the 7th Pay Commission being the last, a new formula would be in place from next year to review salaries of government employees. The Finance Ministry has made it clear that there would be no further pay commissions.
The government took into consideration that the government should review salaries of government employees periodically instead of setting up a pay commission and waiting for ten years
The salaries of the central government employees will be reviewed periodically. It would not take ten long years to wait for a pay increase or revision in allowances or HRA. The government would review the salary looking into the data available and also based on the price index.
The government will take into consideration the Aykroyd formula while reviewing salaries of government employees. This formula would take into consideration the change in prices of the commodities that constitute a common man’s basket.
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