7th Pay Commission Latest News: The government is all set to present Interim Budget 2019 on Friday, February 1, and the development has raised the hopes of the 50 lakh Central Government employees who are waiting for an announcement with regard to their demand for a hike in minimum pay and fitment factor beyond 7th Pay Commission recommendations.

(7th Pay Commission: Centre Announces Big Bonanza For These Government Employees)

Earlier reports had suggested that a good news was on cards for the CG employees. However, the latest reports claim that as the Budget 2019 will be an interim one and not a full-fledged one, an announcement in favour of salary hike for the Central government employees is unlikely. The Finance Ministry had on Wednesday clarified that the Budget will be called Interim Budget 2019-20. The full budget will be presented by the new government, elected after Lok Sabha Elections 2019, due by May.

Meanwhile, the employees can expect income tax concessions, farm relief package and support for small businesses in Interim Budget 2019-20.

The government, even after disappointing the Central Government employees on Republic Day 2019 by not making any announcement in relation to the hike in minimum pay and fitment factor, issued orders for revision of allowances of teachers, equivalent academic cadre, registrars, finance officers and Controller of Examinations in the Universities and Colleges as per the recommendations of 7th Central Pay Commission or 7th CPC.

The development came days after the Centre approved a proposal to extend the seventh pay commission recommendations to academic staff of government and aided technical institutions with granting of Rs 1,241 crore for the purpose.

As far as the Central Government employees are concerned, it seems that they will have to wait a little longer for the Centre to accept their demands of a hike in minimum pay and fitment factor beyond 7th Pay Commission recommendations.

The CG employees are demanding a hike of up to Rs 8,000 in the minimum pay and an increase in fitment factor too. They want the Centre to hike the same from 2.56 times to 3.68 times. Meanwhile, the Minister of State for Finance P Radhakrishnan has claimed twice in a matter of 10 months that the government is not considering or mulling a plan to accept the demands of the Central Government employees.