7th pay commission: Salary hike coming within days for central government employees?
7th pay commission: It is being reported that there will be a major announcement by the Centre hiking central government employees salaries on a big national holiday. The demands have been there for years and even the pay panel had to grapple with it before settling for a lesser fitment factor of 2.57 times.
7th pay commission: It is being reported that there will be a major announcement by the Centre hiking central government employees salaries on a big national holiday. The demands have been there for years and even the pay panel had to grapple with it before settling for a lesser fitment factor of 2.57 times. However, the demand is for a salary hike via an increase of fitment factor by 3.68 times and a jump in minimum salary to Rs 26,000.
This 7th pay commission demand is not foundation-less. Central government employees have said that inflation has been rising inexorably and it is eating into their salaries in a major way affecting their lifestyle negatively. They say that their demand is very old and that inflation has only risen making their situation even worse.
Notably, a number of high profile authorities in the government including FM Arun Jaitley have said that the Centre would look at their demands favourably. However, the last time a government minister had reacted on the subject, the response had been very negative. The minister had then said that there was no proposal to hike government servants salaries on Centre's agenda. But much water has flowed down the Yamuna since then and things may well have changed.
A number of things are positive in the economy that may well lead to a 'gift' from the Centre to the central government employees. Also, the general elections 2019 are looming. Considering that after a certain time government won't be able to make any announcement for fear of it being tagged as a poll inducement, the window of opportunity is limited. Almost 5 mn government employees and virtually same number of pensioners fate is irretrievably linked to a hike in 7th pay commission based salaries.
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A spoiler at the moment is that RBI has hiked repo rate fearing inflation spiking. It also mentioned 7th pay commission based HRA being among the causes that led to inflation rising. Also, the outgo on salaries and pensions will be massive indeed. Where does that leave the issue?
The big day is nigh and central government employees would be keeping their collective fingers crossed and hope for the best!