7th Pay Commission: Demand raised for hike of minimum pay to Rs 26,000, scrapping of new pension scheme
7th Pay Commission: Delhi Division stated that the organisers kept a demand for minimum wages to be hiked to Rs 26,000 for employees.
7th Pay Commission: Electioneering for Railway Union polls is heating up - they are scheduled to be held on August 28 and 29, 2019. One of the things that is on top of the agenda of most of those involved in the process is one big seventh pay commission demand. This is for an increase in the minimum wages up to Rs 26,000 under the 7th Pay Commission as based on fitment factor. In fact, this is the major agenda for the Railway Union elections. It has been revealed that the issue will be addressed keeping in mind the interests of the government employees in the days to come.
7th Pay Commission Demand for increase in minimum wages
Anoop Sharma, General Manager of the Northern Railway Union, Delhi Division stated that the organisers kept a demand for minimum wages to be hiked to Rs 26,000 for employees under the 7th Pay Commission. Currently, the minimum pay is fixed at Rs 18,000. The demand for a minimum wage under the 7th Pay commission to be Rs 26,000 for the employees will be fought for in the days to come, it was revealed.
Facilities available for parents
Sharma also mentioned that the NMRU has also promised to provide medical facilities as well as passes for parents of employees. The facility currently exists only within Indian Railways. However, the facility is given to the mother post the death of the employee's father. The Union demands that the medical facility is provided to the employee as well as the employee's parents.
7th Pay Commission Demand to eliminate new pension scheme
The Railway Union has made several attempts to eliminate the new pension scheme and replace it by the old pension scheme. This election, the elimination of the new pension scheme will be a major issue. A framework to restore the old pension scheme will be presented to the employee's on behalf of the employees organisation.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
04:21 PM IST