7th PAY COMMISSION NEWS - CENTRAL GOVERNMENT EMPLOYEES NEWS

1000 Crore Fund allocation for implementing One Rank One Pension DEFENCE ALLOCATION RAISED TO RS 2,29,000 CRORE CAPITAL OUTLAY FOR DEFENCE MODERNIZATION INCREASED BY RS 5,000 CRORE Allocation for defence in this year’s General Budget has been raised to Rs 2,29,000 crore. Presenting the Union Budget in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley also proposed a further sum of Rs 1,000 crore to address the pension disparities while implementing the policy of “one rank one pension” for soldiers.

Government not to allow defence representatives in pay panel, say sources New Delhi: The government has reportedly refused to accept the demand of the armed forces to allow military representation on the High Powered Committee, which has been formed to resolve the anomalies in the pension and benefits for the defence personnel. Top sources at the Centre have told NDTV that the government cannot agree to the demand as the panel was formed during the sixth pay commission and now it's a little too late to allow defence representatives on board. The Prime Minister is expected to make an announcement on the issue in his Independence Day speech on August 15. The sources added that the panel, which was formed by the Prime Minister, will have to address the concerns of the armed forces in the way issues were handled during the sixth pay commission. Navy Chief Admiral Nirmal Verma had reportedly written to Defence Minister AK Antony last week, objecting to the panel headed by the Cabine...