7th Pay Commission Latest News: CPC Pay to be Hiked By Fitment Factor 3 to Increase Basic Pay of Central Government Employees
New Delhi, Oct 12: It can prove to be a good news for the Central government employees as the Ministry of Finance has mooted a proposal to raise the basic salary of central government employees beyond 7th Pay Commission. According to a report, the Modi government wants to raise the minimum pay from Rs 18,000 to Rs 21,000. The government wants to lift basic pay to fitment factor 3.00 times from 2.57 times.
The proposal to increase the salary is likely to be passed by the National Anamoly Committee (NAC) meeting later in October. A ministry official told the Sen Times that the notion that this increase would have a negative impact on the exchequer was nonsense. The report further said that the government was highly profitable as the crude prices have halved, but the petrol and diesel are still selling at Rs 72 and Rs 60 per litre respectively. (Also read: 7th Pay Commission: What Will be The Revised CPC Pay For Teachers)
Modi government had approved the recommendations of the 7th Pat Commission last year, making the minimum basic pay from Rs 7,000 to Rs 18,000 month. The maximum pay decided was from Rs 80,000 to Rs 2.5 lakh.
On Wednesday, the Union Cabinet approved the revision of pays for teachers and academic staff in universities, colleges and other centrally-funded institutions. The decision will directly benefit 7.58 lakh teachers and staff in the 106 universities and colleges funded by the UGG; 329 universities funded by state governments and around 12,912 aided college teachers. (Also read: 7.5 Lakh Teachers to Get Benefits of Seventh Pay Commission Recommendations)
According to a government release, the implementation of this pay revision will enhance the teachers’ pay in the range of Rs. 10,400 and Rs. 49,800 as against the extant entry pay due to the implementation of the 6th Central Pay Commission for the pay of teachers. This revision would register an entry pay growth in the range of 22% to 28 %.