Need over Rs.1 lakh crore next fiscal for 7th Pay Commission, OROP: Jaitley

| Monday, February 8, 2016 - 16:00
First Published |
Arun Jaitley, OROP

Arun Jaitley on 7th Pay Commission, OROP

New Delhi: The government has to provide Rs.1.10 lakh crore in the next fiscal's budget for implementing the One Rank One Pension (OROP) scheme and the 7th Pay Commission award, Finance Minister Arun Jaitley said on Friday.
"During the financial year 2016-17, the central government has to make provision for about Rs.1.10 lakh crore in order to meet the liabilities on account of implementation of 7th Pay Commission recommendations and OROP scheme," Jaitley said addressing the consultative committee attached to the finance ministry, according to an official statement here.
The 7th Pay Commission has recommended increasing the remuneration of around one crore government employees and pensioners that is expected to cost the exchequer an additional Rs.1.02 lakh crore in 2016-17.
The finance minister also said that India has the potential to grow at a much faster pace, while agricultural growth in the last two years had suffered mainly due to insufficient rains, which resulted in the highest disbursal ever to the states for drought relief during the current financial year.
"More incentives will be given to agriculture sector for increasing agriculture production and productivity," he said.
"The world economy is passing through an uncertain and fragile situation. The silver lining is low international commodities and oil prices, which in turn has helped in better the macro-economic situation of the country," Jaitley added.
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Productivity and saving from non-practising allowance

If all the Doctors and other professionals are allowed to practise after their normal office duty instead of giving NPA, the country will be benefited in two ways: (1) The country will become more productive as the expert professional services will be available beyond office hours. (2) The government can save a huge amount from non-practising allowance.

Impact of 7th pay panel report

Of late much hue n cry is raised on the financial impact arising out of 7th pay commission recommendations.Strictly speaking the impact is only minimal which is blown out of proportion by the media, economists and politicians. It is already known fact about the submission of the report before Jan.2016 and the govt.should have in anticipation made budgetary provisions well in advance.Further the quantum of pay rise is pittance and certainly the not going bankrupt. Instead of harping on the same tune, immediate implementation with many modifications is the need of the hour

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