7th Pay Commission latest news: Demand for minimum salary of central government employees to be hiked to Rs 26,000 still awaits official response
7th Pay Commission latest news: The Central Government employees are currently getting minimum pay of Rs 18,000 which is 2.57 times in the present fitment factor at the bottom level.
7th Pay Commission latest news: The Central Government employees have urged central government to reconsider its minimum basic pay as recommended under the 7th CPC and have demanded it to be raised citing that the present minimum pay of Rs 18,000 has failed to put any impact on their financial situation. Though several media reports of a hike were reported at regular intervals, only disappointments have so far come in the way of the central government employees.
The Central Government employees are getting the minimum pay of Rs 18,000 which is 2.57 times in the present fitment factor. The demand is to make it 3.68 times in the fitment factor and take the minimum pay at the lowest level to Rs 26,000. However, no forward movement has happened on this for months despite assurances from authorities at the highest levels.
See Zee Business Live TV streaming below:
However, central government employees had seen their pay balloon ahead of Diwali 2019 when the Central Government had announced 5 per cent dearness allowance (DA). Following the Central Government's footsteps, several state governments like Bihar, Rajasthan, Jharkhand, Uttar Pradesh have also announced 5 per cent DA for its state government employees. These states have announced Diwali Bonus to its employees also.
But central government employees, who were also expecting some announcement in regard to the minimum pay at that time too, were left disappointed. That is where the entire case is placed right now. Authorities have cited the fact that hiking pay is a big burden on the national exchequer and anything to be done on this has to be carefully scrutinised.
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
Top 7 Large Cap Mutual Funds With Highest SIP Returns in 3 Years: Rs 23,456 monthly SIP investment in No. 1 fund is now worth Rs 14,78,099
SBI Green Rupee Deposit 2222 Days vs Canara Bank Green Deposit 2222 Days FD: What Rs 7 lakh and Rs 15 lakh investments will give to general and senior citizens; know here
Highest Senior Citizen FD rates: See what major banks like SBI, PNB, Canara Bank, HDFC Bank, BoB and ICICI Bank are providing on special fixed deposits
08:16 PM IST