7th Pay Commission: Can Expect A Big Hike Announcement for Central Govt Employees?
Will there be a big hike announcement for the Central government employees in the Budget? After much hue and cry over the hike in the minimum pay of the CG employees beyond the recommendation of the 7th Pay Commission, expectations are high from Modi 2.0.
The first Budget of Modi 2.0 is scheduled to be presented on July 5 by Union Finance Minister Nirmala Sitharaman. While all eyes will be on the Budget as India’s economy has hit 5-year low growth of 6.8 per cent in 2018-19, expectations will also be there that the Minister takes into account all aspects.
Besides, the Reserve Bank of India’s (RBI) recent repo rate cut can also be seen as an indication towards a healthy budget irrespective of the low growth.
Hence, if the government would really wanting to infuse more money into the market for a spike in demand, a minimum pay hike of the employees can also be expected.
Moreover, media reports were there that the new Finance Minister was briefed about the Seventh Pay Commission recommendations and the demands of the CG employees. So, it can be expected that the Union Minister will certainly consider the long-standing demand of the employees.
The CG employees have been demanding a hike in their present basic pay. They are presently getting a minimum pay of Rs 18,000, but demanding an increase of Rs 8000. Which means, they want the Centre to hike the fitment factor to 3.68 times to get a revised pay of Rs 26,000.
Now, it’s to see if the Modi government pays heed to the long-standing demand of the Central government employees and hike the minimum pay.