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Arun Jaitley Addressing Media On 7th Pay Commission: Highlights

Finance Minister Arun Jaitley is addressing the media after the Union Cabinet meeting.

Here are the highlights:

  • For pensioners, the recommendation of Rs 500 as medical allowance has been doubled.
  • Total financial implication is approximately 30,748.23 crore
  • Siachen allowance has been increased
  • Technical allowance has also been restructured.
  • GST Event Symbolises Consensus
  • All recommendations will come with effect from July 1, 2017
  • Cabinet gives in-princple approval for Air India disinvestment
  • Will form panel to look into ways to divest Air India stake
  • We are always working with an open mind. The Council has set up its own processes. It has always shown its openness.
  • I can assure you every decision has been merit based. It has neither been partisan nor been dictated by any kind of pressure. 
  • There have been 20 regulations within GST. All done with consensus. I hope every party, every MP, every state government will take part (in the launch).
  • We spent so much time in building consensus, and we succeeded to build consensus.
  • This government has successfully ensured that all decisions regarding GST are taken with consensus.