7th pay commission: Latest developments amid salary hike speculation
7th pay commission: Amid speculation that general elections, slated for next year, may be preponed and likely to be held simultaneously with state assembly polls by end of this year, central government employees and pensioners are keeping their fingers crossed about getting to hear about a pay hike announcement in the near future. They are waiting for a hike in their salary and fitment factor beyond the recommendations of the Seventh Pay Commission.
7th pay commission: According to reports, Prime Minister Narendra Modi is likely to make an announcement related to salary hike on a big national holiday. Image source: PTI
7th pay commission: Another thing from Centre that is being bandied about, if funds fall short, is that there will be an announcement hiking the retirement age of the central government employees. A few reports are hinting that the government is likely to first make an announcement to increase the retirement age from 60 to 62. Image source: PTI
7th pay commission: GDP growth numbers have given new hope to employees that their much-awaited demands would be fulfilled as the government now has generated more revenue. Image source: PTI
7th pay commission: GST collections are now rising inexorably. That means the central treasury is bulging and that can only spell good news for all concerned. Image source: PTI
7th pay commission: Common poll maths says parties just cannot ignore a big chunk of the populace. Now, central government employees are almost 50 lakh strong and just under that is the number of pensioners. Thus, it is being anticipated the ruling dispensation would like to placate these disgruntled employees who comprise a big chunk of votes ahead of general elections. Image source: PTI
Notably, Central government employees are getting basic pay as per the fitment formula of 2.57 of the basic pay. If their demands are fulfilled and their pay hiked by 3.68 times, as per formula, then this will bring cheers for them. Image source: PTI