In recent years, artificial intelligence (AI) has made significant strides, enabling machines to understand and respond to human language like never before. One of the most remarkable achievements in this field is ChatGPT, an advanced language model developed by OpenAI. With its ability to engage in natural and coherent conversations, ChatGPT has ushered in a new era of human-machine interaction. In this blog post, we will explore the fascinating capabilities of ChatGPT and discuss its diverse range of applications across various industries. he Birth of ChatGPT : ChatGPT, built upon the foundation of the groundbreaking GPT-3.5 architecture, represents the culmination of years of research and development in natural language processing. Trained on vast amounts of text data, ChatGPT has achieved an impressive level of proficiency in understanding and generating human-like text. Its underlying neural network empowers it to comprehend context, generate coherent res
Seventh Pay Commission
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| Photo Credit: ibtimes.co.in |
#SSC-CGL2018 #SSC-CHSL2018 #IB #SBI-PO (250 words)Important Topics for SSC, IB, BANK
The idea of Pay Commission mooted as early as the formation of interim-government in 1946 to address the issue of salaries of government employees and pay hike in resonance with rising price index. Seventh Pay Commission constituted to address the same issue in 2013, with a 10 years after each commission submits its report.
Pay Commission always gives the due respect to employees who work hard to run the government functionaries. This time it brought a salary increase with some additional benefits like increase in housing allowances to 25 lakh from 7.5 lakh presently, hike in Dearness Allowance, minimum salary capped at 18000 from 7000 and maximum salary at 2.5 lakh from 90000 at present. Although that didn't pacify all central employees as many of their demands remained out of this commission's recommendations.
But in the bigger picture, it will put the additional burden on fiscal policy. To accommodate that government may reduce capital expenditure and increase taxes which may significantly hurt economic growth. Besides considering the pay gap between rich and poor in this country, this will surely disrupt economic equality. Only a handful of persons work in central services, comparing thousands of unemployed persons and states too not in a position to increase the salary of state employees which would increase the disparity between central and state employees.
While it is necessary to increase salary with international pay scale but the fiscal conditions shouldn't be forgotten as this country is still home for millions of poor people.
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