7th Pay Commission latest news: Centre may make 2 big announcements around Budget 2020
7th Pay Commission latest news: The central government may make 2 big salary hike announcements for the central government employees.
7th Pay Commission latest news: The central government may make two big salary hike announcements for the central government employees. First and foremost is the age-old demand by the central government employees to increase the minimum wages under the 7th CPC from Rs 18,000 to Rs 26,000. The government may accept this demand of the central governments in the upcoming budget 2020 getting presented by Finance Minister Nirmala Sitharaman on 1st February 2020. Second, is the announcement of the 4 per cent Dearness Allowance (DA) for H1-2020. According to experts, if the 4 per cent DA hike is announced, the central government employees will get a monthly salary hike from Rs 720 to Rs 10,000 depending upon the Level and Pay Matrix of the employee.
The Central Government employees are expecting the minimum wage hike demand to be met on 1st February 2020 by Finance Minister Nirmala Sitharaman. In a series of salary revision, the Narendra Modi Government may increase the minimum salary as recommended under the 7th CPC and modify the fitment factor of the central government employees in Budget 2020. The central government employees have been long demanding the minimum salary to be increased from Rs 18,000 to Rs 26,000.
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Post-budget 2020 presentation, government may also announce the DA hike immediately after the budget 2020 presentation in the month of March. The DA announcement would bring relief to around 1.1 crore central government employees and pensioners. Currently, central government employees DA is existing at 149 per cent of their basic pay scale. If the DA is announced at 4 per cent, then their DA percentage would increase to 153 per cent.