Central government employees may be in for some good news this April as revised allowances including house rent allowance (HRA) are likely to be announced after April 12, when the ongoing Budget session of Parliament gets over.
The minimum pension has been increased to Rs 9,000 per person besides a two-fold hike in ex-gratia amount for central government employees, Union Minister Jitendra Singh said today.
Confederation of Central Government Employees today said the 7th Central Pay Commission's recommendations are "not acceptable" in view of the prevailing economic conditions, and threatened to advance by a week an indefinite strike to press their demand for revising the hike.
The Indian equity market is likely to open flat with Asian markets trading mixed after flat US closing as investors continue to mull a likely interest rate hike by Fed in December, and the market indicator SGX Nifty too trading soft -5.50 points at around 7850 in the morning trade.
The Seventh Pay Commission's recommendations will be implemented from January 1, 2016. The Department of Personnel and Training will examine the recommendations and consult the Finance Ministry on them.
Reeling under the impact of diesel price hike and high inflation, the 80 lakh central government employees and pensioners are likely to soon get an increase of 7% in dearness allowance (DA). The proposal to increase the DA from 65% to 72% is likely to be taken up by the Union Cabinet on Friday , sources said.
Nearly 121 central government employees, including one from CBI, are under Central Vigilance Commission (CVC) scanner for their alleged involvement in corrupt practices.
The Centre is tomorrow likely to increase dearness allowance (DA) by 6% to 51%, benefiting over 50 lakh employees and 38 lakh pensioners.