7th CPC Hikes funding through Income Declaration Scheme -II: Report

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Highlights  of Report:

1) The second income disclosure scheme (IDS) will help contain the 2017-18 fiscal deficit at 3.5 per cent of GDP,This should allow Finance Minister Arun Jaitley to hold the FY18 fiscal deficit at 3.5 per cent of GDP - same as FY17's - and at the same time fund the 7th Pay Commission.

2) The second income disclosure scheme (IDS-II) will fetch about Rs 1,000 billion (Rs 1 lakh crore)  / 0.7 per cent of GDP in additional taxes. 

Conclusion:  This means more funds available with  the Central Government from March 2017, thus the Central Government employees demands can be achieved provided the   Central Government accepts our demands in principle.