7th Pay Commission Latest News: Bumper Hike In Salary Of Government Employees Before This Date
7th Pay Commission Latest News: Here comes a big update for Central government employees who are for long time waiting for salary hike. As per media report, the Central government is likely to announce hike in salary for government employees.
7th Pay Commission: As per reports, Narendra Modi government may bring some more good news for the central government employees on the Republic Day. Central government is likely to announce hike in salary for government employees before January 26. As per a report by Zee News, the Central government may announce a hike in the fitment factor of central and state employees which in turn will increase the minimum wages for them.
7th Pay Commission: Development comes as the Central government employees unions have long been demanding a hike in the minimum wage:
The central government employees unions have long been demanding for hiking minimum pay of Rs 18,000 to Rs 26,000 and fitment factor be raised from 2.57 times to 3.68 times. According to media reports, the fitment factor of central employees can be decided before January 26 (Republic Day), which means that there will be a big increase in the basic salary of the government employees.
7th Pay Commission Latest News: If the Centre makes any announcement on hike in fitment factor, then their salary will consequently increase. In fact, with the increase in fitment factor, the minimum wage will also increase. Employees are currently getting salary under fitment factor on the basis of 2.57 percent, which if increased to 3.68 percent, there will be an increase of Rs 8,000 in the minimum salary of the employees. This means the minimum pay of the central government employees will be hiked from Rs 18,000 to Rs 26,000.
Source,(With Inputs From Agencies)