7th Pay Commission: These government employees get good news, but CG staff waits for announcement
7th Pay Commission: At a time when central government employees are continuing to highlight their pay pleas, some state governments including the BJP ruled states have accepted the demands of their employees and ordered the pay panel recommendations implementation.
7th Pay Commission: At a time when central government employees are continuing to highlight their pay pleas, some state governments including the BJP ruled states have accepted the demands of their employees and ordered the pay panel recommendations implementation. The state governments of Rajasthan, Tripura, Madhya Pradesh, Uttar Pradesh and Puducherry have already accepted the pay hike demands of their employees.
Now, following the footsteps of the central government, the Rajasthan government has also announced a 2 per cent Dearness Allowance (DA) hike for the state employees. They will now get 9 per cent DA at par with their central government employees. The salary hike has come into effect from July 1, 2018.
The arrears of two months - July and August, will be credited to the General Provident Fund Account of the employees and cash payment shall be admissible from September 1, 2018, it was revealed.
However, the dearness allowance arrears of the employees recruited to civil services on or after January 1, 2004 and who are governed by Contributory Pension Scheme, will be paid in cash.
Significantly, under the 7th pay commission scheme, the Union Cabinet has also increased the DA of the central government employees from 7 per cent to 9 per cent just a week ago.
Also, last week, the Madhya Pradesh government announced the implementation of the pay hike from January 1, 2016. This means the employees will get 32 months arrears as well.
States like Madhya Pradesh and Rajasthan are poll-bound and the pay hike announcement can be seen as a move to appease the government employees whose numbers span lakhs.
Notably, there are about 48.41 lakh central government employees and 61.17 lakh pensioners who are waiting for some good news about whether Centre will change the fitment factor in 7th pay commission report recomemndations from 2.57 times to 3.68 times. They are a critical for any party and the ruling regime will try to avoid sending any undesired message by not meeting their demands. The central government employees are hopeful that their demands may get fulfilled before the Lok election.
Watch This Zee Business Video
Currently, the central government employees are getting salaries according to the 7th pay commission which had recommended that their pay be hiked by a fitment factor of 2.57 times. However, they have been demanding a salary hike as per the fitment factor of 3.68 times for a very long time. The hike of 2.57 times took the minimum salary to Rs 18,000 while the demanded hike of 3.68 times will power the minimum salaries to Rs 26,000.
Be that as it may, the Rajasthan state government employees would be very happy at getting this dearness allowance gift with the festive season looming. As far as CG staff is concerned, 7th pay commission issue is simmering and may boil over soon.
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
Mukhyamantri Majhi Ladki Bahin Yojana: Know eligibility, benefits, and documents to apply for this women-centric government scheme
Gratuity Calculator: Rs 37,000 as last-drawn salary; 6 years and 3 months as service period; know your gratuity?
Top 7 Gold ETFs With Highest Annualised Returns in 10 Years: Know how Rs 10 lakh investment in each ETF has performed in last decade
Defence PSU Stock to BUY: This multibagger scrip corrects 49% from 52-week high - Is this right time to buy?
Top 7 Large and Mid Cap Mutual Funds With up to 43% Return in 1 Year: Rs 25,000 monthly SIP investment in No. 1 scheme is now worth Rs 3,64,654
Power of Compounding: Can monthly SIP investment of Rs 7,000 help build corpus of Rs 4.5 crore? See in how many years it can be done
09:54 AM IST