Thursday, January 21, 2016

Financial Impact of 7CPC implementation - New revelations

It's not 1.02 Lakh Crores, Only 40000  Crores  !!


Confederation of Central Govt Employees have come out with data and convincing proof , that the Impact of 7CPC – Media reports and 7CPC projections are Wrong .


Confederation argues that financial impact of 7CPC which is projected by the commission as well as media is totally a hype and imaginary. The actual impact as per confederation’s data is around 40K crore as against 1.02 lakh crore reported by media and 7CPC.

Financial Impact of implementation of 7CPC – Media reports and 7th CPC projections are wrong – Confederation comes out with data and says that additional financial burden to Govt as a result of net increase in pay and allowances on implementation of 7th Pay Commission is Rs. 40,000 Crores and not Rs. 1,02,100 Crores as projected by 7CPC and Media reports



There are various reports in the media about the impact of the 7CPC recommendations on the common man and the government resources at large, the reports suggest that the Government may postpone the 7CPC implementation also till its finances are set right.
These reports are totally wrong.
Read Report  Finance Ministry on Pay and Allowances. Click here


Central Government Employees salary expenditure as per finance ministry



Read Report  Finance Ministry on Pay and Allowances. Click here

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