7th Pay Commission: Fair compensation for staff to come into force from April
As per 7th Pay Commission recommendation that the minimum basic pay should be increased from Rs 7,000 to Rs 18,000.
The Central government employees may get their salaries increased as recommended by the 7th Pay Commission in the financial year 2018-19.
According to reports, the government may allocate the money for the hike in Budget 2018-19, but the hike will come into effect later in the year. The fund for the hike is likely to be allocated in the Budget for employees up to the matrix level 5 under Seventh CPC. Only Finance Minister Arun Jaitley’s nod is remaining, reports India.com.
According to the report, Arun Jaitley had said in 2016 that the hike beyond the recommendation of the 7th Pay Commission could be paid to the employees after discussions with stakeholders. But it was said that the government had no funds in financial year. But there was no fund for the money.
As per 7th Pay Commission recommendation that the minimum basic pay should be increased from Rs 7,000 to Rs 18,000; whereas the maximum pay should be increased to Rs 2.5 lakhs with a fitment factor 2.57 times. However, the government officials are demanding that the minimum basic pay should be increased to Rs 26,000 with a fitment factor 3.68 times.
It will come into force from April. The money will be paid in accordance with the recommendations of the 7th pay commission, which were approved by the Union Cabinet. The Gazette will have this information in the next financial year and it may be implemented from April 2018, according to media report.