Indian
Military Veterans
New Delhi, Mar 1: In what may be a good news for
the central government employees, Finance Minister Arun Jaitley said that the
Modi government is open to meet these employees' demand seeking a better pay
hike over the recommendations of the 7th pay commission. He also said that the
final burden of pay hike of central govt employees is yet to be assesed.
Jaitley on Monday said that government will
prioritise its expenditure as the outgo due to the 7th Central Pay Commission
award and implementation of One Rank One Pension (OROP) for defence forces will
lead to additional burden on the exchequer.
"The financial years 2015-16 and 2016-17
have been and will be extremely challenging for government expenditure. The
next financial year will cast an additional burden on account of the
recommendations of the 7th Central Pay Commission and the implementation of
Defence OROP.
The Government, therefore, has to prioritise its
expenditure", Jaitley said while presenting the Union Budget 2016-17 in
Lok Sabha on Monday.
During the financial year 2016-17, central
government has to make provision for about Rs 1.10 lakh crore to meet the
liabilities on account of the Pay Commission and OROP, Jaitley said earlier
this month.
In his Budget speech on Monday, the Finance
Minister said the government has been able to improve its budgeted expenditure
due to revenue buoyancy in the current fiscal, despite a steep cut in central
share of taxes.
"We
see these challenges as opportunities... We wish to enhance expenditure in the
farm and rural sector, the social sector, the infrastructure sector and provide
for recapitalisation of the banks.
"This will address those sectors which need
immediate attention. Once the Government discharges these priority obligations,
it shall then focus on other areas which are also of utmost priority to the
Government," Jaitley said.
Finance Minister Arun Jaitley is open to meeting
central government employees' demand seeking a better pay hike over the
recommendations of the 7th pay commission.
"The secretaries panel will decide the
final burden on the government, a significant part of liabilities arising out
of 7thCPC have already been factored in the Budget", said Jaitley, while
replying to a question in his post -Budget interaction with media on Monday.
The
central government employees unions have been seeking a minimum pay hike of Rs
26,000, a hike of around 44% on the pay panel's recommendation. OneIndia News
(With inputs from agencies)
Read more at: http://www.oneindia.com/india/7th-pay-commission-orop-pay-hike-govt-employee-yet-assessed-govt-prioritise-expenses-2028491.html
Read more at: http://www.oneindia.com/india/7th-pay-commission-orop-pay-hike-govt-employee-yet-assessed-govt-prioritise-expenses-2028491.html
Exp:55%
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