Rs 1.10L Crore more for Pay Panel – FM

Jaitley Caught in Defence-Finance Crossfire
  • “During the financial year 2016-17, the central government has to make provision for about Rs 1.10 lakh crore in order to meet the liabilities on account of implementation of Seventh Pay Commission recommendations and One Rank One Pension Scheme,” said Finance Minister Arun Jaitley.
  • He added that even though the expenditure has been more than the Budget estimate this year, the government will manage its fiscal deficit targets.