The implementation of Seventh Pay commission is still not looking promising as the employee union of Brihanmumbai Municipal Corporation (BMC) will hold yet another meeting with civic chief to discuss it’s implementation.
It is known that civic administration had agreed last week to hike the arrears by 20 per cent. Earlier, Maharashtra government had announced seventh pay commission in January.
The amount of arrears currently varies from 1 lakh to 3 lakh, which depends on the grade.
Currently, BMC has around 1.35 lakh pensioners and 1.05 lakh employees. Hence, it’s true that the complete implementation of sevents pay commission will increase the establishment costs dearly.
It should be noted that the arrears of BMC employees is pending since 2016.
Prakash Devdas, president, municipal mazdoor union said that the meeting will finalise implementation of seventh pay from February.
Central government employee to get more freedom to invest
According to an order issued by the Personnel Ministry, the Center government has now increased the over 26-year-old monetary limit which talked about disclosure of investment in shares and mutual funds by employees to six months of their basic pay.
According to the government statement,
It is also clarified that since shares, securities, debentures, etc. Are treated as movable property for the purpose of rule 18(3) of CCS(Conduct) Rules, 1964, if an individual transaction exceeds the amount prescribed in it, the intimation to the prescribed authority would still be necessary.
Regarding the implementation, an official from BMC said, “They will receive an interim payment of 20 per cent in the arrears pending for 37 months and 10 per cent increment on the current pay for all employees.”