PAY COMMISSION is an mechanism/System setup by Government of India in 1956 to upgrade the salaries , other monetary benefits, service benefits, pensionary benefits of all Central government employees and Armed forces. Alongside State Governments, Union Territory Governments, Village Panchayat, University teachers, Semi government Bodies, government Corporations, Municipalities etc also determine their pay scales on par with Central government scales.
aLTHOUGH WE ALL KNOW WITHOUT MONEY OR CURRENCY NOTHING IS POSSIBLE, YET WE SEE THE FALLAND RISE OF CURRENCY RATE OR MARKETS ARE DEPENDENT ON SEVERAL FACTORS AFFECTING THE WORLD SCENARIO. HENCE THE QUESTION IS SUPREMACY OF MONEY OR FINANCE IN THIS WORLD? ANSWER I HAVE GIVEN MAY OR MAY NOT APPEAL TO YOU. YOU CAN WRITE YOUR OPINION.