For all the Central Government employees who have been waiting for the salary hike under the 7th Pay Commission, this Independence day is about to bring a good news as PM Modi is likely to announce the hike in minimum pay. The increment in salaries will benefit over half a crore working employees and the retired ones from the very next week and across a number of states in India.
It has been reported that the Government is likely to finally launch the recommendations of 7th Pay Commission that suggests a minimum salary pay hike as well as a fitment factor increment on the occasion of India’s Independence Day on 15th August, 2018. Under the new salary structure, the fitment factor for the central government employees will be increased up to about 3.68 times and the minimum pay will reach Rs. 26,000 after adding up an increment of Rs. 8000 to the current minimum limit.
While there has been no official confirmation from the government yet, but the implementation is likely to be announced, as various states have already announced the benefits of 7th Pay commission to their employees; and perhaps, it is high time for the Centre to implement the new recommendations. The Haryana government had implemented the recommendations for the teaching and non-teaching staff of government universities, government colleges and grant-in-aid colleges with effect from last 2 years. Around 3000 employees, including the teaching and non teaching ones are to be benefited by this decision, as per the 7th pay commission. Also, an surplus burden of Rs. 230.6 crore will be imposed per annum on the government.
Maharashtra too, implemented the 7th pay commission recommendations and 17 lakh employees in the state of Maharashtra will get the hike from January 2019. Besides these two, other Indian states including Bihar, UP, Tripura etc have also made announcements regarding the same and will soon implement their decisions at the earliest. If the Centre implements the new 7th Pay, 5 million employees will be benefited with a considerable hike this independence day, especially with the elections inching closer each day.