A DBS (an Economic & Banking analysis company) report says "The impact of 7th Pay Commission, is likely to be absorbed by the Budget of the next financial year, 2016-17".
They also says, the "Fiscal impact of 7CPC hawk eyed " and the increase in payment of salaries, allowance and bonus due on implementation of 7CPC would cumulatively imply a first round increase in spending to the tune of 0.2 to 0.3 per cent of GDP.
They also says, the "Fiscal impact of 7CPC hawk eyed " and the increase in payment of salaries, allowance and bonus due on implementation of 7CPC would cumulatively imply a first round increase in spending to the tune of 0.2 to 0.3 per cent of GDP.
It is expected that the increase in pay and allowances could rise by 16 % following the implementation.
This report also confirms the analysis by Prof. TT Ram Mohan.
No comments:
Post a Comment