The Union Cabinet approved the recommendations of the 7th Pay Commission on the allowances with 34 revisions in June 2017.
From the new year, there is the possibility of cheers for Central Government employees, whose roller coaster’s minimum wage and fitment factor were on the rise.
There is a list of demands for government employees in 2018. Here you need to know.
Minimum wage, factor factor
48 lakh Central Government employees are betraying 26,000 rupees per month and the Fitran factor 3.68 times due to the demand for minimum wage by the NDA government.
A group of Ministers including Home Minister Rajnath Singh and Finance Minister Arun Jaitley assured to consider this demand and increased the minimum wages to Rs 21,000 and the fiscal factor 3.00 times.
Although the assurance was not achieved when the matter was not covered by the 22-member National Discrepancy Committee (NAC). So employees had demanded a precarious strike before the parliament.
A report of the Government of India stated that the Finance Ministry has decided to create a high level committee to fix the new pay structure beyond the recommendation of the 7th Pay Commission or the 7th CPC. Employees are now seeing a hopeful ray in 2018.
Dear allowances
As the approval for recommendations for the 7th Pay Commission, the government had announced two installments of dearness allowance – 2 July 2016 and 2% from January 2017. Thus, 4% was now paid as employees increased with 6 points. All India CPI-IW for the year 2016
According to Paynews, due to 1 July 2017 the DA reason is 1% increase and it can be declared at any time in this month. July AICPIN has increased the expectations of central government employees under the requisite DA from January 2018.
In November 2017, CPI inflation has already reached the highest of 4.88% for 15 months, which was 3.58% in October 2017 and 3.63% in the same month last year.
RBI expects inflation to be 4.3-4.7% in the third quarter of this year, including the impact of HRA 35 basis points, in which the risk is equally balanced.
Candidates should be about 2% in which the worst and best case scenario has been explained, said that Goa-based
If we believe that AICPN will show a gradual decrease of 2 points in the rest of this year, the calculation DA will still show 2% increase from January 2018.
Apart from this, the amendment of HRA in 7th CPC Recommendation states that when the dearness allowance reaches 50% and 100%, the government, however, has decided to amend the rates when the DA is more than 25% and more than 50%, respectively Gaya.
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