Here is the final phase of updates for Pay Commission to be implemented for Central Government employees , which is also extended to State government employees as well as public sector undertakings.
- Insurance to be extended to Central Government employees.
- Minimum salary to be 18,000/-
- Minimum salary for Defense to be 15,500/-
- Impact on Railways budget 28,000 Crores
- Basic salary hike to be 14.27%
- Gratuity amount doubled to 20 Lakh
- Maximum salary to be 2.25 Lakh
- Impact on budget 74,000 Crores
- One rank one pension to be extended.
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