Jammu and Kashmir first state to approve implementation of 7th Pay Commission; five lakh employees to benefit
The state government employees can now draw the salary for the month of April 2018 as per the revised scales, he said.
Govt gives nod to 7th pay commission recommendation for defence disability pension; 55 lakh retirees to benefit
The benefits of the modifications will be applicable from 1 January, 2016. With this, the annual pension bill of the Centre is expected to be around Rs 1,76,071 crore.
Implementation of the much-awaited pay hike for over 1 crore central government employees and pensioners will be a positive for the economy as it will push up consumption although its impact on inflation is likely to be moderate, economists say.