7th Pay Commission: Rise in Central Govt Employees’ Fitment Factor; here’s the detail
The never ending wait of the Central government employees demanding a rise in the minimum pay is likely to be stretched longer as it seems as of now taking into account the current economic and political situation in the country.
No doubt the government employees’ hopes were repeatedly crushed- hopes that we can say media generated, but currently the Narendra Modi-led NDA seems unmoved and engulfed in its own issues.
Early Elections- Political Factor
The general elections are due for May-June 2019, but in case the Modi government goes for early polls then it might be preponed to December or January.
Besides, there are chances of ‘simultaneous elections’ in the country so, in no way the government will get enough time to go through the implications of increasing the fitment factor of the employees beyond the recommendation of the Seventh Pay Commission.
Fall in Rupee Value against Dollar- Economic Factor
In case the government takes any step to increase the fitment factor then it has to go through a detail study of its financial implications and impact on the economy. Moreover, it can think of rolling out the hike in phase manner to ease the pressure on the government exchequer.
The Central government employees are presently getting a minimum pay of Rs 18,000. They are demanding a hike of Rs 8000- Rs 26,000- an increase in the fitment factor by 3.68 times from the existing 2.57 times.