Saturday, February 6, 2016

Govt. will allot 1.10 Lakh Crore in budget to implement 7th CPC and OROP : F.M.

The Budget 2016 needs to provide Rs 1.10 lakh crore for implementing the One Rank One Pension (OROP) scheme and 7th Pay Commission award, besides a higher allocation for the farm sector, Finance Minister Arun Jaitley said on Friday.
Addressing the Consultative Committee attached to the Finance Ministry, he also said that India has a potential to grow at a much faster pace even as he exuded confidence that fiscal deficit target for the current financial year will be within target.
The 7th Pay Commission in November had recommended an increase in remuneration of about one crore government employees and pensioners, which are estimated to impose an additional burden of Rs 1.02 lakh crore in 2016-17. The new pay scales, subject to acceptance by the government, will come into effect on January 1, 2016.

The government had last year announced that it will implement OROP Scheme under which a uniform pension would be given to armed forces personnel retiring at the same rank with the same length of service. The scheme would be implemented from July 1, 2014.
"During the financial year 2016-17, the Central government has to make provision for about Rs 1.10 lakh crore in order to meet the liabilities on account of implementation of 7th Pay Commission recommendations and OROP Scheme," Jaitley said.

3 comments :

Anonymous said...

It is clear from the supposed provision that the government is not going to enhance the pay any more than what have been proposed by the 7th CPC

Anonymous said...

Have in mind all .If the Congress government not set the 7th pay commission the employees will be deprieved of. And teach lesson to the concerned.

Anonymous said...

yes true

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.

.................RECENT HEADLINES

Related Posts with Thumbnails

Blog Archive

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.