New
Delhi: The Central government employees will have to wait till
September-October to get higher salaries under the 7th Pay Commission.
As
per a Financial Express report, government is expecting that higher salaries
released around the festival period starting with Durga Puja and
Diwali will boost consumption, which will have a multiplier effect on the
economy.
Though
the employees will get arrears with retrospective effect from January 1, no
retrospective arrears in allowances will be given. With the move, the exchequer
would be able to save around Rs 11,000 crore.
The
commission had estimated the additional outgo in FY17 due to its
award at R73,650 crore.
Source:
http://zeenews.india.com
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