7th Pay Commission: In a big announcement ahead of Republic Day, the Narendra Modi government has made two major announcements under 7th Pay Commission for the Central government employees.
After announcing a 200 per cent hike in the running allowance for the employees of Indian Railways, the Modi government has approved 300 per cent hike in the allowance for the CG employees handling cash and treasury.
Those dealing with cash and treasury will now get allowance from Rs 700 to Rs 1,000 for handling a different amount of cash- earlier the allowance was between Rs 230 and Rs 900.
For handling cash up to Rs 50,000, the employees used to get Rs 230 allowance while for handling cash up to Rs 2 lakh, up to Rs 5 lakh and up to Rs 10 lakh, the allowance was Rs 450, Rs 600 and Rs 750, respectively.
All these categories have now been subsumed into two -- Rs 700 for handling cash up to Rs 5 lakh and Rs 1,000 for managing cash over Rs 5 lakh, reported Business Today.
As per the ministry of Personnel, the powers to grant cash handling and treasury allowance remain delegated to the ministries and head of departments.
On the other hand, the Central government employees' disappointment continues as their demand for an increase in the minimum pay is still waiting for the Modi government’s consideration.
Moreover, the recent decision of the government to come up with an interim budget has disappointed the CG employees again as it’s doesn’t seem feasible that their demand could be taken up under such conditions.
The CG employees are presently getting a minimum pay of Rs 18,000 and demanding Rs 26,000- a hike of Rs 8000 or an increase in the fitment factor by 3.68 times from the existing 2.57 times.