Whispers in Corridors: Merger of DA with basic pay this weekend; What about retirement at 62?

DURING the last few days, Delhi’s corridors of power have witnessed unprecedented speculation on the government’s possible masterstroke --- the merger of dearness allowance (DA) with the basic pay and raising of retirement age to 62 years, so as to woo over 50 lakh Central government employees and 30 lakh pensioners ahead of the general elections. The gossips in various departments and ministries have centred around…

Know more about chairman, members of 7th Pay Commission; should babus expect a massive pay hike?

Small or Big Hike?

AHEAD of general elections, the government on Tuesday formally constituted the 7th Central Pay Commission, an once-in-a-decade exercise that will review and hike the salary of over 5 million Central government employees including defence personnel, and the one that will positively impact about three million pensioners too. BoI here talks about the men and women leading this exercise and whether the current economic situation gives any headroom for a massive pay hike effective from January 1, 2016: