7th Pay Commission Latest NewsAround 50 lakh central government employees might get a good news as Narendra Modi-led Centre is expected to fulfil their demand of hike in minimum basic pay in forthcoming days. Earlier their (central government employees) hopes were shunted 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.Also Read - PM Modi Declares January 16 as National Startup Day, Calls Startups As Backbone of New India

But now following the strong quarterly growth numbers, the government employees are hopeful that their much-awaited demand would be fulfilled. Experts also believe that as the 2019 Lok Sabha Elections are around the corner Narendra Modi-led Centre would be forced to fulfil the demands of 50 lakh employees. Also Read - 7th Pay Commission: Centre Likely to Increase Basic Salary of Govt Employees to Rs 26,000 Before Assembly Polls

Reports claim that PM Narendra Modi might announce the hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission from Red Fort on August 15 in his Independence Day speech. Currently, the Central government employees are getting basic pay according to the fitment formula of 2.57 of the basic pay. Also Read - Bikaner-Guwahati Express Derails: Railway Orders High-level Inquiry, NFR Completes Rescue Ops | Key Points

Notably, the 50, 0000 govt employees’ became hopeful yet again after the Centre announced benefits of the revised pension under the 7th Central Pay Commission for about 25,000 state and central government retired employees. Earlier this month, Union HRD minister Prakash Javadekar confirmed that a total of 23 lakh retired employees of central, and state universities and government-aided colleges along with non-teaching staff are eligible to get a hike of up to Rs 18,000 in their pensions under 7th CPC. If reports are to believed, the decision by the Centre will benefits over 25,000 pensioners of Central University and UGC-recognised Deemed Universities.

“The @narendramodi  govt has revised pension of retired faculty & other non-teaching staff in Central Universities and Colleges as per the recommendations of the 7th Central Pay Commission.” He further added, “Around 25000 present pensioners will benefit in Central Universities and #UGC maintained #Deemed to be #Universities to the tune of Rs. 6000 to Rs.18000,” the HRD minister had tweeted.