A report in GConnect says that :
The government has managed to stick to the lower fiscal deficit target partly by provisioning for a lower outgo on account of the 7CPC and the OROP scheme. As per the government, around Rs 70,000-75,000 crore has been provided for in fiscal 2017. This is only about 65% of the total amount, in our view, and suggests that the government will either accept a lower increase (relative to the recommendations) or will stagger the pay hikes over two years.
Did you get the idea ?
The government has managed to stick to the lower fiscal deficit target partly by provisioning for a lower outgo on account of the 7CPC and the OROP scheme. As per the government, around Rs 70,000-75,000 crore has been provided for in fiscal 2017. This is only about 65% of the total amount, in our view, and suggests that the government will either accept a lower increase (relative to the recommendations) or will stagger the pay hikes over two years.
Did you get the idea ?
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