India : 7th Pay Commission cleared 14.27 percent hike
Wed Jun 29 2016
Rajesh Sharma (2002 articles)

India : 7th Pay Commission cleared 14.27 percent hike

The cabinet of ministers in Government of India has approved 7th Pay Commission for over 10 million central government employees and pensioners.In November, last year the pay panel had  recommended 14.27 percent hike in basic pay at junior levels, the lowest in 70 years. The previous 6th Pay Commission had recommended a 20% hike which the government doubled while implementing it in 2008.

The cabinet has also given a go-ahead to the National Mineral policy.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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