Moneycontrol PRO

business

Cabinet clears recommendations of 7th Pay Commission

The pay panel, in November last year, had recommended a 14.27 percent hike in basic pay at junior levels -- the lowest in 70 years. The previous 6th Pay Commission had recommended a 20 percent hike, which the government doubled while implementing it in 2008.

first published: Jun 29, 2016 12:54 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347