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16 February 2018

7TH PAY COMMISSION: INCREASED WAGES AFFECTED BY NEW FISCAL YEAR

7TH PAY COMMISSION: INCREASED WAGES AFFECTED BY NEW FISCAL YEAR

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7th Pay Commission: Increased wages affected by new fiscal year

New Delhi: Lower level employees working with the Central Government will be encouraged in their new financial year because increment will be Applicable..

On July 19, 2016, in order to increase the salary of lower level employees outside the recommendations of the 7th Pay Commission in the Rajya Sabha, Finance Minister Arun Jaitley had promised that the government has increased the minimum wage to Rs 18,000 per month. .

The current fitment factor is a proposal under consideration for increasing the salary of the low-level Central Government employees to the salary matrix level 5, 2.57 to 3.00, but for the increase of union government employees unions, 3.68 percent and the minimum wage of the current rupee is Rs 18,000 26,000 rupees, a senior government official said on condition of anonymity.
Earlier, the 7th Pay panel recommended the minimum wage of Rs 18,000 per month and the maximum salary from 2.5 lakh rupees to the 6th pay commission, 2.57 times the basic salary of the 6th salary commission, which got the cabinet Was there. Approval on June 29, 2016

A union leader said, this will help lower-level employees pay as per necessary requirements, where the rising costs are far ahead of the salary increases for Central Government employees.

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