7th Pay Commission: Ministry of Finance likely to take final call on minimum pay hike by January
The Ministry of Finance is planning to raise the minimum pay hike from Rs 18,000 to Rs 21,000 under 7th Pay Commission.
The central government employees may have to wait till January for the revised minimum pay under 7th Pay Commission, a media report said.
Earlier this month, there were several media reports which stated that the Ministry of Finance is planning to raise the minimum pay hike from Rs 18,000 to Rs 21,000 under 7th Pay Commission.
Now, The Sen Times have quoted a Ministry of Finance official saying that the Ministry will hike the minimum pay with increasing the fitment factor 3 times from 2.57 times. This revised pay will be paid from January next year and the minimum pay will be Rs 21,000 instead of Rs 18,000.
In June, the Ministry had fixed minimum pay at Rs 18,000 considering the fitment formula at 2.57. Now, the government may agree to raise fitment factor to 3 times.
Moreover, before the final call, the report mentioned that National Anomaly Committee will hold a meeting by the end of September or first week of October.
The discussion on raising the minimum pay came in after National Anomaly Committee felt the current minimum pay was not "helpful" for maintaining living standards.
Last year in September, the government had formed a 22-member National Anomaly Committee which was headed by Secretary of Department of Personnel and Training (DoPT). The committee was formed to look into the concerns of central government employees related to the minimum pay.
However, the central government employees unions have been demanding the rise in minimum pay to Rs 26,000 and raising fitment formula to 3.68.
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