It seems our Finance Ministers are a bit more wiser now ! Thank God they are learning the facts.
Minister of State for Finance, Mr.Jayant Sinha said yesterday :
Implementation of OROP and increase in salary bill due to 7CPC will not strain government’s fiscal position,
The government’s fiscal position is strong enough to bear the impact of OROP and implementation of 7CPC.
OROP is likely to result in an outgo of Rs 8,000-10,000 crore this fiscal. The 7CPC report in December is expected to recommend a hike in salary of Central government employees.
The Central government’s salary bill is projected to rise by 9.56% to Rs 1,00,619 crore in FY16 and the implementation of the 7CPC recommendations is expected to lead to a further rise in government expenditure.
Minister of State for Finance, Mr.Jayant Sinha said yesterday :
Implementation of OROP and increase in salary bill due to 7CPC will not strain government’s fiscal position,
The government’s fiscal position is strong enough to bear the impact of OROP and implementation of 7CPC.
OROP is likely to result in an outgo of Rs 8,000-10,000 crore this fiscal. The 7CPC report in December is expected to recommend a hike in salary of Central government employees.
The Central government’s salary bill is projected to rise by 9.56% to Rs 1,00,619 crore in FY16 and the implementation of the 7CPC recommendations is expected to lead to a further rise in government expenditure.
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