7th Pay Commission: Maharashtra to pay 52,000 Crore on pay hike

7th Pay Commission: Maharashtra to pay 52,000 Crore on pay hike: On Thursday, the Maharashtra government declared the implementation of the salary hike for its 20 Lakh workers. This plan is going to be casted as per the recommendations of the 7th Pay Commission. This move will cost about Rs 52,000 Crore to the state’s national treasure.

7th Pay Commission: Maharashtra to spend Rs 52,000 crore on pay hike for employees

From 1st January 2019 onwards, the new pay scale will be applied and the outstanding amount will be paid from January 1, 2016. It’s when the commission came into being.

The verdict was made by the state Cabinet during its weekly gathering that was led by Chief Minister Devendra Fadnavis.

After the meeting, a government letter was issued which affirmed that the government requires needs Rs 14,000 crore for the implementation to the salary hike and another Rs 38,655 crore to pay the unpaid amount of last three years.

As this move is challenging for the government but is equally good for the previous and present workers. It is tricky for the government as the hike will be implemented when the state government is battling to gather sources to generate profits. The government is also stumbling beneath arrears of Rs 4.3 Lakh Crore.

Other than the state government workers, teachers from independent schools and Zilla Parishad

Apart from the state government employees, teachers from unaided schools and Zilla Parishad establishments will also obtain the advantage of the salary hike.

Sudhir Mungantiwar (Finance Minister) projected the quantity of beneficiaries at 20.50 lakh.

The administration has put a ceiling on payment of the outstanding amount. Sudhir claimed that the people will get unpaid amount for the time of 3 years in five equivalent installments.

He said, “The amount of the arrears will be directly credited in the employees’ General Provident Fund (GPF) account.”

He also told that the new pay commission will provide a Group ‘D’ employee with Rs 15,000 basic salary per month while employees of Group ‘C’ will get Rs 18,000 basic salary per month.

He also explained that the pensioners will also get hike in their pensions according to their age category. People or pensioners who are in the age of 80 to 85 will get hike of 10 per cent in their pension. Pensioners those are 85 to 90 will get 15 per cent of hike in their pensions. People in the age of 90 to 95 will get 20 per cent hike of their pension and those who are above 100 will get straight away 50 per cent of hike in their pension. Looking into the data, there are almost 360 people who will get benefit of the 7th Pay Commission in the age of 100 years and above.