The 7th CPC places the Indian Police Service (and, almost in passing, the Indian Forest Service) on a level with the Indian Administrative Service, leaving the military out in the cold.
The Commission will now have time until December 31 to submit its report.
The setting up of the Commission, whose recommendations will benefit about 50 lakh (5 million) central government employees, including those in defence and railways, and about 30 lakh (3 million) pensioners, comes ahead of the Assembly elections in 5 states in November and the general elections next year.
Govt is likely to find it hard to meet deficit target next year.
Analysis of the 7th Pay Commission's recommendations.
The amount constitutes 45 per cent of the railways' total wage bill.
The Pay Commission process is symptomatic of a national crisis within the Indian state.
The recommendations will cost the government Rs 1,02,000 crore.
The total salary and pension bill of the central government, which will also include Railway employees, will go up from estimated Rs 4.33 lakh crore to Rs 5.35 lakh crore during 2016-17
Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Madhya Pradesh has nearly 750,000 employees who would share the benefit of the pay hike.
The current salary paid by the Delhi government amounts to 17 per cent of the total expenditure.
State governments want the Centre to direct the 14th Finance Commission to compensate states for implementing pay scales, to be recommended by the pay panel.
The pay hike has been made effective from January 1, 2016.
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
The Centre on Wednesday increased the Dearness Allowance (DA) by 3 percentage points effective from July 1 this year, benefitting more than 1 crore employees and pensioners ahead of the Diwali festival. The Union Cabinet has approved to increase Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners by three percentage points of the basic pay/pension ahead of Diwali, Union Minister Ashwini Vaishnaw said after the Cabinet meeting.
This time, five states, including Tamil Nadu, have requested the Centre to delay the pay hikes.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
The Railways is expected to mobilise a substantial chunk of funds through dynamic pricing.
India Inc on said the Seventh Pay Commission set up today for central government employees is likely to lead to additional burden on the exchequer and increase inflation by pushing demand.
Officials cited the example of the Sixth Pay Commission.
State employees in Karnataka will have to wait longer for wage hike.
The MSP was introduced to the services recognising their unique service conditions and hardships.
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
The state has close to 280,000 employees and 180,000 pensioners.
The new pay scale will come into effect from January 1.
The Centre is expected to increase the dearness allowance by 10% to 100% by the end of February.
Central government employees should not be allowed to earn annual increments if they fail to meet performance criteria.
Punjab has over 400,000 employees and pensioners and about 125,000 staff members in its corporations and boards.
He said Parrikar had no right or authority to order the services chiefs to accept what is not acceptable to them, adding he had once again shown his inability to understand the services.
Central pay commissions in the past have usually been set up after every 10 years and the 10-year period of the current sixth central pay commission would be over by 2015.
Is there a conflict of interest in civil servants having a decisive say on the recommendations made by a Pay Commission or is it time for a new review mechanism, asks A K Bhattacharya.
'The non-implementation of the Seventh Pay Commission, almost a year after it was implemented for civilians, is gradually beginning to hurt morale in the armed forces,' says Brigadier Gurmeet Kanwal (retd).
The challenge of cleaning up the taxation system and introducing the goods and services tax (GST) regime cannot be underestimated.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
Overnight, the Wall Street closed on a flatter note.
About a million railway employees participated in the strike ballot of NFIR. In December, 800,000 employees participated in the strike ballot conducted by another leading union, the All India Railwaymen Federation, with 96 per cent voting in favour of a strike.