PIB: 7th Pay Commission recommendations were implemented & NPS has been liberalized said by Shri Goyal Press Information Bureau Government of India Ministry of Finance 01-February-2019 Highest Ever Growth Of 42% Recorded in Minimum Wages of Labours during last 5 years During the last 5 years, the minimum wages of labours of all classes have been increased by 42% which is the highest increase so far. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal said that the high growth and formalistation of the economy has led to the expansion of employment opportunities as shown in EPFO membership, which has increased by nearly 2 crore in 2 years reflecting formalisation of the economy and job creations. Shri Goyal said that the 7th Pay Commission recommendations were implemented and New Pension Scheme (NPS) has been liberalized. The Government’s contribution in NPS had been inc...

Mizoram panel to study 7th Pay Commission recommendations The Mizoram government has decided to set up a committee to study the Seventh Pay Commission recommendations even as it agreed in principle to implement it in the state. This was decided at a meeting of the Council of Ministers last evening. The 42,457 regular state government employees would require additional allocation of Rs 563 crore annually if the Seventh Pay Commission recommendations were implemented, state finance department officials said. Chief Secretary Lalmalsawma said that at present, 36-37 per cent of the total state annual budget is used for paying off the salaries of the state government employees. The expenditure on salaries did not include the salaries of employees of Lai, Mara and Chakma autonomous district councils, teachers working in deficit schools and contract and muster roll workers, Lalmalsawma said. The meeting also approved the proposal for creation of 629 new posts for the proposed establishment of ...