7th Pay Commission latest news: Finance Ministry receives 7 more days to issue notification implementing salary hike

Both, the government and employee unions have expressed confidence that the salaries credited into the accounts of employees on August 1 would be hiked by 14.29 per cent.

Salary hike as per the revised recommendations of 7th Pay Commission is one step away. Government needs to issue the gazette notification to implement the CPC recommendations. The official notification has to be issue at the earliest in order to provide the central government employees their hiked salaries from August 1. Although, it was expected that the Finance Ministry would issue the notification this week, the Ministry has sought an additional 7 day time limit from the Centre to issue the notification. According to sources, government has provided 7 more days to the finance department to notify the CPC recommendations which received the nod of Union Cabinet on June 29.

Both, the government and employee unions have expressed confidence that the salaries credited into the accounts of employees on August 1 would be hiked by 14.29 per cent. Although, the AK Mathur-led committee had recommended a 23.5 per cent increase in salaries, the hike in allowances have been put on hold due to various anomalies raised by Centre. The present increase in salary would be only based upon the hike in basic component of the pay.

To consider the various allowance parity issue, government has formed a High Level Committee headed by Finance Secretary Ashok Lavasa. The committee has been provided a four-month deadline to submit a report.

The High Level Committee will also analyze the entry-level salary as recommended by the AK Mathur-led committee. The minimum salary has been increased from Rs 7,000 to Rs 18,000. However, employee unions led by National Joint Action Committee (NJAC) has demanded a further increase in the entry-level salary to Rs 26,000.

Source: http://www.india.com