New Delhi, June 15: The long wait for the central government employees is likely to over, as the 7th Pay Commission on Monday recommended 30 percent hike in salaries. As per the proposed hike salaries the government had already started working to credit hiked salaries on the account of employees from August 1, 2016.
Around 47 lakh central government employees and 52 lakh pensioners are eagerly waiting for their revised salaries which has been earlier promised by the Narendra Modi government. A news reports on Monday suggested that employees and pensioners are expected to get 30 per cent more than what has been recommended by the panel, which submitted its report earlier this year.
According to Financial Express a source said, “Central government employees could get the revised pay-scales with their July salaries that would be credited on August 1”. (Also Read: 7th Pay Commission: Double bonus for Government employees – salary hike from August, six month arrears in October)
However, there were indications that the central government will also credit arrears with revised pay, it is not clear whether the past dues will be given to the employees at one go or in installments.
According to reports the 7th Pay Commission had recommended a minimum monthly basic salary of Rs 18,000 and maximum of Rs 2,50,000. With the 30 per cent hike the minimum basic monthly pay will be Rs 23,500 and the maximum will be Rs 3,25,000.
The 7th Pay Commission will impact the Central Budget by Rs 73,650 crore and the Railway Budget by Rs 28,450 crore. The 7th Pay Commission’s Empowered Committee of Secretaries met in the month of April to give the final finishing touch to the recommendations before the report was handed over to the Finance Ministry.