7th Pay Commission Latest News: Around 50 lakh central government employees who are eagerly waiting for pay hike beyond the recommendations of the Seventh Pay Commission might get a good news as Narendra Modi-led Centre is expected to fulfil their wish next month. It has been speculated that as Centre has decided to increase the Minimum Support Price (MSP), it might fulfil the demands of the 50 lakh central government employees soon.

Experts believe that the hike in MSP has hinted that Indian economy is on tracks and Centre has the money to fulfil the demands of government employees.

If reports are to be believed,  Narendra Modi-led Centre might consider the hike on or before the Independence Day this year in the wake of 2019 Lok Sabha elections. Apart from the salary hike, the Prime Minister might announce a hike in the fitment factor and raise in retirement age to 62 years on the Independence Day, 15 August 2018.

“The two announcements that Prime Minister Modi is likely to make in his speech from Red Fort on 15 August, the Independence Day for central government employees are an increase of pay and the raising retirement age to 62 years from 60,” Sen Times said in a report.

“Under pressure from the coming general election due by May 2019, the Modi government has indicated that it may hike pay of central government employees beyond the 7th Pay Commission recommendations, seeking to win the Lok Sabha polls because the government knows one government employees can persuade at least 100 voters for the party,”  the portal quoted an official as saying.

Earlier their (central government employees) hopes were dead after Minister of State for Finance P. Radhakrishnan in Lok Sabha had said that the government has no plans to increase the minimum salary beyond the seventh pay commission recommendations. The employees were reportedly demanding to hike the minimum basic pay to Rs 26,000 instead of Rs 18,000.