7th Pay Commission: Latest News of Minimum Wage And Fitment Factor And More; Check Out Here

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7th Pay Commission News: Finance Ministry Forms Panel to Decide Hike in Minimum Pay, Fitment Factor

New Delhi, Feb 20: The Finance Ministry has reportedly formed a panel to take the final call on a hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission or 7th CPC. There had been reports that the government would form a high-level committee to fix new pay structure beyond the recommendation […]

New Delhi, February 13: Almost 48 lakh central government employees are eagerly waiting for the government to come at final decision to increase minimum pay as recommended by the 7th Pay Commission and there are chances that these employees may get some relief in April.

The Central government is considering to increase the salary of low-level officials, from matrix level 1 to 5 and go beyond the recommendations of the 7th Pay Commission, a number of media reports said.

According to a report, Central government employees are currently getting basic pay according to the fitment formula of 2.57 times of the basic pay although the employees union have been demanding the fitment formula of 3.00 of the basic pay.

The official announcement regarding this will come in the month of April, The Sen Times reported.

However the implementation of the revision in the fitment factor which will directly result in higher salaries for government employees does not seem to come into effect before the next financial year, several media reports said.

Prime Minister Narendra Modi had also promised to implement 7th Pay Commission benefits to government employees of Tripura if the BJP was voted to power.

Addressing two rallies in the poll-bound state last week, PM Modi said that the Tripura government employees still get salary according to the 4th Pay Commission, while the 7th Pay Commission has been implemented across the country.

Last year in June, the Union Cabinet had approved the recommendations of the 7CPC with 34 modifications, which will mean an additional annual burden of Rs 30,748 crore on the exchequer.

All other allowances came to effect from July 1, 2017.

Over 1 crore central government employees were benefited with the recommendations. This includes over 48 lakh central government employees and 52 lakh pensioners, of which 14 lakh employees and 18 lakh pensioners are from the defence forces.

The new scales of pay also provide free entry-level basic pay going up from Rs 7,000 per month to Rs 18,000, while at the highest level ie: Secretary, it would go up from Rs 90,000 to Rs 2.5 lakh. For Class 1 officers, the starting salary will be Rs 56,100.