Bhubaneswar/New Delhi: Are you awaiting an increase in your minimum pay? Well, good news might be round the corner for the central government employees as the government is likely to increase the basic salaries under the 7th Central Pay Commission (CPC) soon.
As many as 50 lakh central government employees and pensioners will be benefitted as the final decision regarding the revised pay is expected to be taken by January 2018, sources in the Finance Ministry said.
According to latest reports, the Finance Ministry will hike the pay by raising the fitment factor to 3.00 times from 2.57 times, as recommended by the 7th Pay Commission. As such the minimum pay is likely to increase to Rs 21,000 from Rs 18,000.
However, central government employees had been demanding an increase in the basic pay to Rs 25,000 and a hike in the fitment factor to 3.68 times from 2.57 times.
The National Anomaly Committee (NAC) is likely to meet soon to take a final decision on increasing the basic pay to Rs 21,000 from Rs 18,000 and on increasing fitment factor suggested and approved under the 7th CPC.
Earlier in July, the Union government approved the recommendations on allowance structure and announced a 14.27 per cent hike in basic pay for the central government employees under the 7th CPC. However, the employees expressed dissatisfaction and felt the government cheated them and failed to meet their expectations.
Later, to resolve the issue, the government sent the matter to the NAC to take a call.
Recently, the Odisha government announced implementation of the 7th Pay Commission Recommendations, to the much relief of nearly 4.5 lakh State government employees and 3.5 lakh pensioners who were waiting with bated breath for the announcement since long.
The implementation of the recommendations will put an additional burden of Rs 4,500 crore on the State exchequer.