7th Pay Related Important Circular

7th Pay Related Important Circular

7th Pay Related Important Circular

7th Pay Related Important Circular

* 24 per cent hike in pensions

* One Rank One Pension proposed for civilian government employees on line of OROP for armed forces

* Ceiling of gratuity enhanced from Rs 10 lakh to Rs 20 lakh; ceiling on gratuity to be raised by 25 per cent whenever DA

rises by 50 per cent

* Cabinet Secretary to get Rs 2.5 lakh as against Rs 90,000 per month pay band currently

* Financial impact of implementing recommendations will be Rs 1.02 lakh crore – Rs 73,650 crore to be borne by Central Budget and Rs 28,450 crore by Railway Budget.

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* Total impact of Commission’s recommendation to raise the ratio of expenditure on salary and wages to GDP by 0.65 percentage points to 0.7 per cent

* Military Service Pay (MSP), which is a compensation for the various aspects of military service, will be admissible to the defence forces personnel only

* MSP for service officers more than doubled to Rs 15,500 per month from Rs 6,000 currently; for nursing officers to Rs 10,800 from Rs 4,200; for

In general, the higher the potential return, the higher the risk of potential loss.
Although some funds are less risky than others, all funds have some level of risk –
it’s never possible to diversify away all risk also –

English Test Paper 7 For Tet 2 Download

even with so-called money market funds This is a fact for all investments.
Each mutual fund has a predetermined investment objective that tailors the fund’s assets also regions of investments and investment strategies.
At the most basic level, there are three flavors of mutual funds also :
those that invest in stocks (equity funds) also those that invest in bonds (fixed-income funds),
Those that invest in both stocks and bonds (balanced funds), And those that seek the risk-free rate
(money market funds) also.

So, Must Visit This Website learngujarat.com Everyday For Latest Updates Jobs, Study Materials and General Information Updates. So keep visit This Website. 7th Pay Related Important Circular

* Short service commissioned officers will be allowed to exit the armed forces at any point in time between 7 to 10 years of service

* Commission recommends abolishing 52 allowances; another 36 allowances subsumed in existing allowances or in newly proposed allowances.

* Recommendations will impact 47 lakh serving govt employees, 52 lakh pensioners, including defence personnel.

Highlights Of The 7th Pay Commission

MSP for service officers more than doubled to Rs 15,500 per month from Rs 6,000 currently; for nursing officers to Rs 10,800 from Rs 4,200; for

* Short service commissioned officers will be allowed to exit the armed forces at any point in time between 7 to 10 years of service

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