According to the reports, Central Government has saved Rs 26,000 crore by delaying the pay hike. Months after the approval of recommendations of Seventh Pay Commission, the pay hike is expected to be implemented between January and April next year.
According to a report published in OneIndia, the government is yet to complete two formalities i.e. the NAC meet and placing it before the Department of Expenditure.
All technicalities are settled and the government is planning to implement the pay hikes by April next year, the report further added.
In July this year, the seventh pay commision had revised the basic pay to Rs 18,000.
“With regard to fixation of pay of the employee in the new Pay Matrix as on 1st day of January 2016, the existing pay (Pay in Pay Band plus Grade Pay) in the pre-revised structure as on the 31st day of December 2015 shall be multiplied by a factor of 2.57," India.com quoted a government notification.
Title Image: newsindia