Minimum wage may be increased from Rs 18,000 to Rs 26,000 and fitment factor to be increased from 2.57 times to 3.68 times
7th Pay Commission latest update: Central government employees unions have been demanding for a long time to increase the minimum wage from Rs 18,000 to Rs 26,000 and increase the fitment factor from 2.57 times to 3.68 times. Central government employees have been keeping pressure on the government for a long time. It is coming in many media reports that the government may soon give its approval to increase the fitment factor.
Government can increase the fitment factor
If the government announces an increase in the fitment factor of central employees, then their salary will increase. At present, the employees are getting salary under fitment factor on the basis of 2.57 percent, which is increased to 3.68 percent, then the minimum wage of the employees will increase by Rs 8,000. This means that the minimum wage for central government employees will increase from Rs 18,000 to Rs 26,000. At present the minimum basic pay is Rs 18,000, which has to be increased to Rs 26000.
Salary will increase so much
If the fitment factor is increased to 3.68 per cent, the basic pay of the employees will be Rs 26,000. Right now if your minimum salary is Rs 18,000, then excluding allowances, you will get Rs 46,260 (18,000 X 2.57 = 46,260) as per 2.57 fitment factor. Now if the fitment factor is 3.68 then your salary will be Rs 95,680 (26000X3.68 = 95,680).
Earlier this was the basic salary
The Union Cabinet had in June 2017 approved the recommendations of the Seventh Pay Commission with 34 amendments. The entry level basic pay was increased from Rs 7,000 per month to Rs 18,000, while the highest level i.e. secretary was increased from Rs 90,000 to Rs 2.5 lakh. For Class 1 officers, the starting salary was Rs 56,100.
