Govt clears 7th Pay Commission's recommendations
The Union Cabinet on Wednesday approved the recommendations of the Seventh Pay Commission which had proposed an average 23.55% increment in the salaries, allowances and pension of central government employees. This is likely to benefit 48 lakh employees and 55 lakh pensioners. Further, its implementation is estimated to put an additional burden of ₹1.02 lakh crore on the exchequer annually.