7th Pay Commission Latest News Today 2018: As Diwali is round the corner, a good news was announced for the Brihanmumbai Electric Supply and Transport (BEST) employees, who have been demanding pay hike as per the 7th Pay Commission recommendations. The news comes amid their wait for an announcement by the Maharashtra government for a hike in their salaries as per 7th Central Pay Commission or 7th CPC recommendations. Also Read - 7th Pay Commission Latest News: Retirement Age of Govt Employees of THIS State Increased | Check Who Will be Benefitted

(7th Pay Commission Latest News) Also Read - Your Salary Hike This Year May Not Lead to Increase in Take-Home Pay| Here’s Why

The BEST has reportedly announced a bonus of Rs 5,500 each of its 40,000 employees as Diwali gift. As per a report in Zeebiz.com, the Diwali bonus for employees, waiting for pay scale hike as per 7th Pay Commission recommendation, was fixed following a meeting between the general manager of the BEST and BMC commissioner. The move will cost the BEST an additional Rs 25 crore. Also Read - 7th Pay Commission Latest News: Dearness Allowance, HRA, Travel Allowance of Central Govt Employees Likely to Change From April | Details Here

In another good news, over 50 lakh Central Government employees and an equivalent number of retirees are likely to get a hike of up to Rs 8,000 in the coming months. As per a report in InKhabar, the CG employees may soon get an increase of Rs 2,000 to Rs 8,000 in their salaries. An announcement on the same is likely after the Assembly Election 2018 in the five states and before January 26, 2019 i.e. Republic Day.

Demands of Central Government Employees

The Central Government employees are currently getting a minimum pay of Rs 18,000. They are demanding a hike of Rs 8,000 which will take up their salaries to Rs 26,000. Furthermore, they are also seeking a hike in the fitment factor, from 2.57 times to 3.68 times. Both the demands, made by the CG employees, are beyond 7th Pay Commission recommendations.

Minister of Finance (MoS) P Radhakrishnan had in March declared that the Centre is not considering a raise the minimum pay and fitment factor of 50 lakh Central Government beyond 7th Pay Commission recommendations.