According to report, new minimum pay hike under the 7th Pay Commission is likely to be implemented from April next year. It has been reported that the 7th Pay Commission minimum pay hike is likely to be implemented from April 1, 2018. The new pay hike under the 7th Pay Commission is expected to come into effect from the next financial year starting April 1, 2018.
7th Pay Commission minimum pay hike likely to be implemented from April 1, 2018
As per the report, the National Anomaly Committee (NAC) is expected to submit its report on minimum pay hike after the second week of December. The report will be sent for approval from the cabinet. After getting nod from the cabinet, the whole process for the implementation of the minimum pay hike under the 7th Pay Commission is expected to be over by 1st of April next year.
Though some of the reports that were published during the last few months, have mentioned that the minimum pay hike is all set to be implemented from early January next year but as per this report, the minimum pay hike under the 7th Pay Commission is likely to be rolled out from the 1st of April next year.
Protest by Central Trade Unions for increasing the minimum pay hike
As per a report, some of the central trade unions have started protests against the delay in minimum pay hike. It has been reported, that the unions have been demanding the minimum pay hike implementation to be executed soon. In addition to this, the unions have also been demanding a minimum pay hike of Rs 26,000 in place of Rs 18,000 under 7th pay commission that has been recommended by the committee formed by Pay Commission board.
Maximum pay being raised to Rs2.5 lakh under the 7th Pay Commission
The commission had recommended raising the minimum payment from the existing Rs 7,000 to Rs 18,000. It has also been reported that the commission has also recommended the maximum pay to be raised from to Rs 2.5 lakh from the existing Rs 80,000. As per few previous reports, the fitment factor under 7th pay commission is expected to be approved at 2.57 times of basic pay which is expected to increase the minimum basic pay further.
The recommendations have already been approved by the Union cabinet and the government has also given a go-ahead for hike in allowances.
Source: Mint
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