Government to set the terms of 7th Pay Panel today
Government to set the terms of 7th Pay Panel today : Economic Times
NEW DELHI: The union cabinet will on
Thursday freeze the terms of reference of the seventh pay commission,
allowing the government to take credit for recalibration of salaries of central government employees that could take up to two years.
The cabinet will also consider a
proposal to set up a non-statutory coal regulator and also another one
to convert 7,200 kms of state roads to national highways, which could
come handy when the UPA seeks votes.
The seventh pay commission will be
headed by retired Supreme Court judge Ashok Kumar Mathur. It will submit
its report in 19 months and the award will be effective January 2016,
the government had said earlier this month.
The award will benefit nearly 35 lakh central government employees and also cover defence personnel.
The commission will have Petroleum and
Natural Gas Secretary Vivek Rae as full time member while Rathin Roy,
Director, National Institute of Public Finance and Policy will be a part
time member. The terms of reference will spell out the categories of
employees covered by the review that seeks to adjusts salaries usually
after a decade. In the interim, central government employees get two
installments of dearness allowance every year to compensate for price
rise.
The government can also task the commission with any other issue tied to employee compensation.
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