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Thursday, February 20, 2014

Terms of reference for 7th pay commission

Terms of reference for 7th pay commission:
In order to benefit over 50 lakh employees and over 30 lakh pensioners. The Cabinet also approved terms of reference for seventh pay commission. This includes merging dearness allowance above 50 per cent with basic pay. Currently DA is around 90 per cent of basic pay and another hike of 10 per cent is expected soon. DA is calculated on the basis of change in retail inflation. 

Source: Hindu Business lines

CLICK HERE FOR HINDU REPORT 

Only the Hindu Business line has confirmed the above report, no other news papers or media has   covered the report on Terms of Reference nor DA Merger, we hope that in coming days the union cabinet will accord approval.  

Confederation Report :

 It is informed that DOP&T has finalized the terms of reference of Seventh Central Pay Commission and submitted to Cabinet for approval. Details of the terms of reference finalized by DOP&T is not disclosed to the staff side. Details will be known only after the Cabinet meeting which is likely to be held today evening or tomorrow. 


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