Why we need seventh pay commission in India? Does pay commission always raise the salary of government employees? Can pay commission maintain or reduce the pay scale of government employees?
Indians are strange people. They are the ones who expect everyone to respect the armed forces, pay tributes by sharing photos but cry foul when Pay Commission raises their wages (Defense personnel constitute the maximum proportion of one crore employees and pensioners affected by pay commission. Of the total 51 lakh pensioners, 46% are defense personnel). They want Railways to be the most efficient organization on earth but wouldn't let them raise wages or fares. (Railways Constitute the second highest number of employees affected by pay commission)They expect hikes in their salaries at private firms every year and demand atleast 30% hike when they shift jobs but treat once-in-10 years Pay commission as economic largesse.They are the ones who want babus to function efficiently but worry about inflation while paying them.They talk about inequalities but forget that 89% employees affected by Pay Commission are Group-C workers.I am amazed at the negative public opinion a Pay Commission generates every time. Imagine your employer telling you that you won’t get a hike even once in 10 years because it will lead to inflation in the economy.Pay Commission is definitely necessary and in that context, It must also be noted that this is the lowest hike ever given by a Pay Commision.
Where can i get great information on the Holocaust?
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7cpc.india.gov.in: What is 7th pay commission? Does it affect India's GDP?
A pay commission is a body formed by government to determine the required amount of increment in the salary of government office bearers. Due to rise in prices and persistence inflation , government in a couple of years constitutes such a body. different sectors may have different pay commissions (i mean to say state government employs may have a different pay commission and different occupations may have different pay commissions recommendation).7th pay commission was constituted to determine the possible and needed rise of salary of all 70 lakh central government employees.When you increase the salary of such a huge chunk of people there is a huge amount of extra spending. let us take an example.The additional expenditure due to implementation of 6th pay commission was 26,035 cr INR over that pension itself accounts for 70,700 cr . so when the 6th pay commission recommendation where implemented expenditure on payment increased from 2.5 % to 6% and (salary plus pension) accounts for 12 % of expenditure of central Gov. As you may have already realized any pay commission increase expenditure of government this increases the fiscal deficit of government and this leads to decrease in the GDP of the country we should also consider the increased income is reinjected into the economy and this causes a rise in demand which causes GDP to grow (please note if the supply is less then demand then it will lead to inflation which is very harmful). But the increased money flow will take time to reflect in real terms in the economy where as the increased fiscal deficit will have bad (comparatively fast) impact (reduction in sovereign rating et al).... other countries apprehensive of investment through FDI ,FPI. Bottomline : The 7th pay commission will probably be implemented from 2016. it should have a stable and positive impact on the economy.please note after the release of the report all the above mentioned figures have changed