7th Pay Commission Latest News: Over 50 lakh Central Government employees who have been waiting for an announcement of a hike in the minimum pay and fitment factor beyond the 7th Pay Commission recommendations are likely to get a good news next week. As per reports, Prime Minister Narendra Modi will on August 15 i.e. Independence Day announce the hike for the Central government employees and retirees beyond recommendations of 7th CPC or 7th Central Pay Commission. Even though the reports are not confirmed, they gain strength amid the benefits of 7th Pay Commission announced by the governments of various states for their employees. If the hike is announced on August 15, then the minimum pay of Central Government employees will be hiked by up to Rs 8,000 to reach Rs 26,000 whereas, the fitment factor will be increased up to 3.68 times. Also Read - Upset Over Not Getting a Salary Hike, Man Stages Robbery of Rs 10 Lakh to Take Revenge From His Boss

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The Maharashtra Government on Saturday had announced that its employees will get increased salary under 7th Pay Commission from January 2019. The decision will impose an additional burden of a whopping Rs 21,000 crore on the exchequer. The move will benefit around 17 lakh state government employees. The announcement is significant as Assembly elections are due in Maharashtra next year. (Click Here For Complete Information) Also Read - Independence Day 2020: Delhi Police Issues Traffic Advisory, Check Which Roads Are Blocked Till August 15

Last week, in a similar announcement as made by the Maharashtra Government, the Haryana Government had approved the pay scale recommendations to the teaching and non-teaching staff of government universities, government colleges and government aided colleges with effect from January 1, 2016. The decision, as per 7th Pay Commission, will benefit teaching and non-teaching staff working on 2,853 posts in various universities and colleges and will put an additional burden of Rs 230.6 crore annually on the state exchequer. (Click Here For More Information)

Reports also suggest that the Central Government employees and the pensioners are in line to get another hike in the dearness allowance (DA). This news has given more firmness to the hopes of the Central Government employees, who are waiting for August 15 for an announcement of a hike in fitment factor and minimum pay beyond recommendations of 7th Pay Commission.

(7th Pay Commission: Good News For Government Employees of This UT)

Other states, besides Haryana and Maharashtra, who have announced the benefits of 7th Pay Commission for their employees are Bihar, Uttar Pradesh, Tripura, Jammu and Kashmir and Madhya Pradesh. However, earlier this year, 50 lakh Central Government employees and an equivalent number of retirees were left in a lurch after Minister of Finance (MoS) P Radhakrishnan announced that the Centre is not considering to make an announcement a hike in minimum pay and fitment factor beyond 7th Pay Commission.