Thursday, December 31, 2015

Govt. ready to have dialogue on pay hike : F.M.

India needs to grow by additional 1-1.5 per cent so that it can sustain wage hike and other benefits given to workers and the poor, finance minister Arun Jaitley said today.

"Our GDP growth of 7.5 per cent is at a time when the world is experiencing global slowdown. We need to increase our growth rate. We have to at least increase it by 1-1.5 per cent," he said at the felicitation function organised by Bharatiya Mazdoor Sangh (BMS).
The government is ready to have dialogue with the trade unions with regard to wage increase, he said.

"In the coming year, there would be burden of Rs 1.02 lakh crore of Seventh Pay Commission, OROP (One Rank One Pension) burden is also there. That burden can be sustained only when there is increase in economic activity. Because of increased economic activity, government revenue and resources will go up," he said.
He added that the government is of the opinion that if there is development in the society then the benefit of this should go first to labourers and the poor.
Click here to view the full article in Times of India.

1 comment :

S.Lakshman Rao said...

The Payment Schedule can be on similar lines as adopted by the sixth pay commission implemented during 2006...With New Year Greetings....

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