7th Pay Commission: Latest news on NAC meet, pay hike and fitment factor
It is almost certain that the Narendra Modi will go ahead with the pay hike beyond the recommendations of the 7th Pay Commission. The pay hike for the 50 lakh government employees will come in January.
There was an NAC meeting that was scheduled to be held on October 7. However the same was postponed as the committee is examining some details.
Latest news on NAC meeting:
The NAC or National Anomaly Committee meeting was scheduled to be held on October 7. However due to certain pressing issues, the meet was not held. However CG employees need not worry since in principle it is already decided that the pensioners and the employees would get a pay hike. The meeting will be held this month itself as the government wants to give the pay hike from January 2017 onwards. The NAC was formed to look into the pay anomalies rising out of the 7th Pay Commission recommendations. The government had assured that the anomalies would be looked into. Now it has given the green signal to the NAC to go ahead with the pay raise and also the fitment factor to 3 times. This would mean that the pay would be hiked from Rs 18,000 to Rs 21,000.
Latest news on fitment factor:
Officials in the Ministry of Personnel, Public Grievances and Pensions say that the government decided to give the green signal as it had funds. The government realises that it has the funds to increase the pay of the CG employees. This is the reason why it gave the green signal to the NAC to go ahead and hike the minimum pay and increase the fitment factor to 3 times.
Latest news on pay hike:
The indication is that the salary hike would be Rs 21,000. However there is no clarity of what the final amount would be. It could be more and that would depend on the deliberations at the NAC meet. However sources say that the amount would not be below Rs 21,000.
7th Pay Commission was a nightmare:
7th Pay Commission has been in the news for a long time. There are debates and discussions about whether the government has the finances to raise the basic minimum pay. While it was stated that the government may not be able to take the load, the news now is that the Modi sarkar has decided to loosen its purse strings and give CG employees and pensioners good news in January 2018.