7th pay commission report will be delayed by one Month :NCJCM Staff SideTheSecretary,StaffSideNCJCMhasmet theChairman, SeventhCentral PayCommission, Shri AshokKumar Mathur andSecretary, Mrs. Meena Agaralyester day and Posted the !rief of the meeting in the official e!site of NCJCMStaff Side. "n hich it is stated that initially it as #romised that $e#ort ill !esu!mitted on %&th August %'(), after the meeting it as assumed that the 7th paycommission report will be delayed by one Month. ****** Economic Analyst Expect 15 to 40 Percent hikelikely to be recommended by 7th paycommissionSource: G Connect/ibtimesPayCommissions, hichareregularlyconstitutedtoreviesalariesofCentralgovernment em#loyees, give a filli# to the "ndian economy, according to analysts.The si*th Pay Commission #artly offset the after+effects of the %''& ,ehman crisison "ndia !ecause of the -). increase recommended.The im#lementation of the hike !oosted to+heeler and car sales and increaseddemand in the cement sector, according to glo!al !rokerage firm /ank of AmericaMerrill ,ynch.Pay#ackagesofgovernment em#loyeesrose!yanaverageof-).as#ertherecommendations of 0th Pay Commission. They also received arrears of more than-' months due to delay in the im#lementation.1The arrears resulted in ro!ust demand for consumer discretionary #roducts thatresulted in sustained stock #erformance over -+) years,2 Jai Shankar, chief "ndiaeconomist of $eligare, told N3T4 Profit.3uetothisco+relation!eteenPayCommissionsandeconomicgroth, manyanalysts are eagerly aaiting the 5th Pay Commission re#ort.The5thPayCommissionasa##ointedin6e!ruarylast year!ytheoutgoingCongress+led 7PA government, is likely to su!mit its recommendations !y August+end or latest !y 8cto!er. The recommendations are likely to !e im#lemented !y theCentral government ne*t year.A!out )' lakh central government em#loyees 9including () lakh defence#ersonnel:andmorethanonecrorestateandlocal government em#loyeesillgain from the recommendations to !e made !y 5th Pay Commission, according to$eligare./esides, it ill alsoresult inanu#ardrevisionof#ensionfora!out -'lakhretired Central government em#loyees.;hile there is no consensus on the amount of salary hike likely to !erecommended !y the 5th Pay Commission, analyst e*#ects it to !e in the range of() to