7th pay commission: Hike in fitment factor, Rs 2 lakh as one time settlement for 18-months DA arrears? | Personal Finance News

New Delhi: Pay Commission 7th Latest News: Although Narendra Modi’s government has not made any public announcements about 18-18 DA loans and an increase in compliance, media reports have always been optimistic about the same for workers central government.

According to reports in the media, the Modi government may announce an increase in the proportion of central and state workers which will be pushing the minimum wage of higher middle workers. Central government workers’ groups are demanding a minimum wage of Rs 18,000 to Rs 26,000 and the compliance factor is rising from 2.57 times to 3.68 times. According to media reports, the corresponding share of center staff could be decided soon. This means that there will be a significant increase in the basic salaries of government employees.

If the government announces a reduction in the proportion of central workers, then their wages will increase. In fact, with an increase in the compliance factor, the minimum wage will also increase. Workers are currently receiving wages under the corresponding factor on the basis of 2.57 per cent, which if increased to 3.68 per cent, an increase of Rs 8,000 will be on the minimum wage of the workers. This means the minimum wage for central government employees will be from Rs 18,000 to Rs 26,000.

Check this unexpected payment estimate posting factor in compliance under the 7th Payment Commission
If the corresponding share is raised to 3.68, the basic income of the workers will be Rs 26,000. Now, if the minimum wage is Rs 18,000, then without permits, you will get Rs 46,260 (18,000 X 2.57 = 46,260) according to the 2.57 equation.

Thus, if the correlation factor is 3.68, then your salary will be Rs 95,680 (26000X3.68 = 95,680).

The Union Commission in May 2017 approved the recommendations of the 7th Payment Commission with 34 amendments. it is at the highest level ie Secretary, going up from Rs 90,000 to Rs 2.5 lakh. For Class 1 employees, the starting salary is Rs 56,100.

Central government officials to get Rs 2 lakh as 18-18 month loans in one go?

Meanwhile, several media reports have also reported that the Coalition is considering taking the matter for discussion. A Zee Hindi report, citing Shiv Gopal Mishra of the National Commission of the JCM, has already said that the DA arrears of the Level-1 staff range from Rs 11,880 to Rs 37,554. As for, for Level-13 (CPC 7th base paycheck 7th Rs 1,23,100 to Rs 2,15,900) or Level-14 (payroll), the DA charges in the employee’s hands will be Rs 1,44,200-2,18,200 pay, say the news.

The report also adds that immigration-related issues are being discussed between the JCM National Committee, the Department of Personnel and Training (DoPT) and the Minister of Finance. However, no definitive answer was obtained. The staff also reaffirmed their commitment and the discussions with the government were reported. However, it is hoped that this will soon be discussed with the Secretary-General. According to the Department of Finance’s annual report, there are a total of 48 lakh mid-year employees in the country and about 60 lakh pensions.

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