New Delhi: After long wait, the new pay commission report has been submitted to Finance Minister Arun Jaitley on November 19, which has increased new hopes among the central government employees that their pay will soon rise.
Finance Minister Arun Jaitley said, Seventh Pay Commission award bill Rs 1,02,000 crore can be afforded.
A commendable initiative , the new Seventh Pay Commission award is timely and necessary for the 48 lakh central government employees and 52 lakh pensioners including dependents.
Government jobs in India have been less rewarding in terms of pay and perks. Apart from a sense of job security and perceived power, most of the employees have to struggle to make ends meet with the cost of living going up every year.
The central government is facing a shortage of around 7.3 lakh staff, the motive behind this move is to achieve a reduction of 10 percent in staff strength in five years, according to report of the Seventh Central Pay Commission.
So, Central government employees need to do more works so as to fill up the shortage of staff with their works, accordingly, they deserve a good pay raise.
However, since the submission of the the Seventh Pay Commission report, discussions hovered around its impact on a number of areas including inflation, budgetary allocation, efficiency of public services.
Economists have explained adequately why there will be no inflationary pressure on the economy due to injection of pay hike amount in next next budget and the Finance Minister Arun Jaitley said, Seventh Pay Commission award bill Rs 1,02,000 crore can be afforded.
The World Bank report also forecasts India will continue to be the bright spot of the global economy and is projected to grow at a robust 7.8% in fiscal 2016-17, more than a percentage point higher than China, despite pressure on the budget from a salary hike for central government employees and payment of One Rank One Pension. (OROP) .