28.1 C
New Delhi
Tuesday, November 5, 2024
HomeFinanceMinimum pay to be hiked to Rs 26,000? Big decision on fitment...

Minimum pay to be hiked to Rs 26,000? Big decision on fitment factor soon: 7th Pay Commission

The Central bureau could before long take a choice on expanding the basic salary to Rs 26,000.

In what could be a major seventh Pay Commission’s most recent update, the Central bureau could before long take a choice on expanding the basic pay to Rs 26,000, as indicated by media reports. Lakhs of central government workers have for quite some time been squeezing for the interest to climb the fitment factor.

Assuming the government expands the fitment factor, the pay rates of the Central government will likewise hike as needs be. In any case, the government hasn’t taken any choice on the equivalent yet. As of now, the minimum salary for Central government workers is Rs 18,000. With the hike in fitment factor, it could increment to Rs 26,000.


Nonetheless, for such a noteworthy hike to occur, the Central government should build the fitment factor from 2.57 times to 3.68 times.

Here is the Fitment Factor Calculation:

Assuming the Central government builds the fitment component to 3.68, the basic pay of the workers will become Rs 26,000. For example, if the govt representative’s base compensation is Rs 18,000, barring recompenses, the base compensation will be Rs 46,260 (18,000 X 2.57 = 46,260), as per the 2.57 fitment factor.

In any case, if the fitment factor is 3.68, the compensation will increment to Rs 95,680 (26000X3.68 = 95,680).

The Union Cabinet in June 2017 endorsed the suggestions of the seventh Pay Commission with 34 alterations. The new sizes of pay accommodate the base essential compensation to go up from Rs 7,000 every month to Rs 18,000. Then again, at the most significant level for example Secretary, went up from Rs 90,000 to Rs 2.5 lakh. For Class 1 officials, the beginning compensation was Rs 56,100.

Thus, till the time, the government makes an authority declaration comparable to the fitment factor, nothing can be said without a doubt. Central government representatives have no choice except for to hang tight for the declaration that could come before long.

Source

- Advertisment -

YOU MAY ALSO LIKE..

Our Archieves