The government on Wednesday decided to finally announce the Seventh Pay Commission for central government employees. The Commission may submit its report in two years and the recommendations made by it will be implemented by 1 January, 2016. This move will benefit about 50 lakh central govt employees and 30 lakh pensioners. Previously the government had admitted that demands were made for setting up of 7th Pay Commission, but no such proposal was under consideration for such exercise.
Source: Zee News