7th Pay Commission Latest News – Likely Minimum Pay 23,000 and fitment factor 2.7

7th Pay Commission Latest News – Likely Minimum Pay 23,000 and fitment factor 2.7

7th Pay Commission Empowered Committee headed by Mr.Shri. Pradeep Kumar Sinha is in favour of increasing minimum pay and the fitment of factor – Zee News reports

7th Pay Commission Latest News – Likely Minimum Pay 23,000 and fitment factor 2.7 – Zee News Reports on 7th CPC Empowered Committee’s proposal to Govt

All Central Government Employees would be rejoicing at the news that is published by Zee News if it turns to be a reality.

Empowered Committee that studies to suggest suitably on 7th Pay Commission recommendations is reported to have proposed a minimum basic pay of Rs. 23,000 in the place of Rs. 18,000 recommended by 7th Pay Commission.

As far as fitment factor is concerned by which the the basic pay of existing employees is to be revised, Zee News reports that fitment factor of around 2.7 has been proposed by Empowered Committee as against 2.57 recommended by 7th CPC.

Source: Zee News

The Empowered Committee of Secretaries under the chairmanship of Mr.P K Sinha, Cabinet Secretary convened a meeting on 14th June 2016 and discussed for increase in basic pay of Central Government Employees up to 30%.

As per Zee News report quoting Dainik Jagran, the Cabinet Secretary called on higher ups in Prime Minister Office on 15th June 2016 and discussed with them relating to report of Committee of Secretaries prepared so far with regard to 7th CPC related increase in pay and allowances of Central government employees.

It is also reported by Zee News that the secretaries panel which is reviewing the 7th pay commission’s recommendations submitted its report to the Finance Ministry. The Finance Ministry will prepare a note and present it before the Cabinet in the next 15 days.

While All Central Government Employees, Railway Employees Civilian Defence Employees have announced for All India Strike from 11th July 2016, it may have an impact on Govt in finalization of its decision on 7th Pay Commission recommendations as early as possible.

The central government employees and pensioners are likely to get their 6 months of arrears just ahead of the Dusshera festival in October.

As per media report, increased salary of July will be credited to the 47 lakh central government employees and 52 lakh pensioners’ accounts on August 1, 2016. But the arrears of last 6 months will be credited in one installment ahead of the Dusshera in October.

As per sources, the Empowered Committee of Secretaries headed by the Cabinet Secretary Pradeep Kumar Sinha has recommended a 30 percent increase in minimum and maximum basic pay structures along with doubling of existing rates of allowances and advances.

The 7th Pay Commission had suggested a maximum basic pay of Rs 2,50,000 and a minimum of Rs 18,000. A 30 percent increase would translate into maximum salary of Rs 3,25,000 and minimum at Rs 23,400, respectively.

Sources, further state that after getting final nod from the Empowered Committee of Secretaries, Finance Ministry will take only a few days to implement the higher pay package for central government employees.

Source: Times Group