Diabytes
Arrears News
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Over 1 crore individuals have outstanding income tax demand of over ₹8.40 lakh crore as on April 01, 2022
LIC has informed that as on December 31, 2021, it has an outstanding unclaimed amount of ₹21,336.28 crore
Amount of ₹1,255.66 crore that had remained unclaimed was transferred to SCWF (Senior Citizen Welfare Fund).
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The Cabinet approved the 7th Pay Commission's recommendations on 29th June.The general recommendations of the Commission on pension and related benefits have been approved by the Cabinet.
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The scrapping of the allowances was opposed by the Unions and so it has been referred to a Committee of Secretaries.
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The Confederation of Central Government Employees rejected the pay hike announced by the government and threatened to go on a strike next week, a decision which got support from the central trade unions.
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Implementation of the 7th Pay Commission recommendations will give a much-needed boost to demand in the consumer durables sector, which has witnessed sluggish sales in the last couple of years, industry players said.
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Hike in salaries of the government employees will have a positive impact in terms of boosting demand and push economic growth, India Inc said.
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The Union Cabinet on Wednesday approved the 7th Pay Commission's recommendation of enhancing ceiling of house building loan from Rs 7.5 lakh to Rs 25 lakh.
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Contrary to what was widely speculated in the media, the central government employees need not worry about getting their arrears as per the recommendation of the 7th Pay Commission.
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Bringing cheers for India's armed forces, the Union Cabinet on Wednesday more than doubled their salary by adhering to the recommendations made by the 7th Pay Commission.
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Check out this chart to know the recommendations of 7th Pay Commission at a glance.
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Recommendations of the 7th Pay Commission got the Cabinet nod on Wednesday, which will benefit over one crore government employees and pensioners.
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The entry level pay has been recommended to be raised to Rs 18,000 per month from current Rs 7,000 while the maximum pay, drawn by the Cabinet Secretary, has been fixed at Rs 2.5 lakh per month from current Rs 90,000.
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There will be delay in getting the arrears as per 7th Pay Commission's recommendations.
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There are several reports in the media about the Pay Commission's recommendations that might not go down well with the government employees.
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