7th Pay Commission Latest News: The Central Government employees, who have been waiting for a hike in fitment factor and minimum pay beyond the 7th Pay Commission recommendations, are likely to get a good news in next three weeks. If reports are to be believed, Prime Minister Narendra Modi will make an announcement regarding a hike in the minimum pay and fitment factor beyond 7th CPC recommendations on Independence Day, August 15. Meanwhile, it will be interesting to see how much authenticity these reports contain.Also Read - 7th Pay Commission: From DA Hike to PF Interest Rate, Govt Employees Likely to Get 3 Big Gifts in July

(7th Pay Commission Latest News on July 26: Hike of Rs 8,000 in Minimum Pay, Increase in Fitment Factor Likely Soon?) Also Read - PM Narendra Modi Lavishes Praise On Mithali Raj, Says Cricketer Is An 'Inspiration' To Many

Amid the wait for hike in fitment factor and minimum pay, reports suggest that the Central Government employees and pensioners may get an increase in the dearness allowance soon. This news has provided a strong base to the hopes for an raise in the fitment factor and minimum pay beyond Seventh Pay Commission or 7th Central Pay Commission recommendations. If a hike is announced in the dearness allowance, the move may benefit 48.41 lakh central government employees and 61.17 lakh pensioners. Also Read - 'Bavarian Band, Indian Diaspora': PM Modi Receives Warm Welcome In Germany Ahead Of G7 Summit | Watch

Recently, the Maharashtra government said that it will hike the pay of its employees from Diwali this year. The decision will benefit 19 lakh government employees across the state. “The state government will implement recommendations of the 7th Pay Commission for its employees from Diwali (which falls in November this year),” finance minister Sudhir Mungantiwar was quoted as saying on July 22.

The Central Government employees were left in a lurch in March this year when Finance P Radhakrishnan informed Rajya Sabha that the Centre was not considering hiking minimum pay and fitment factor beyond the 7th Pay Commission recommendations. His statement dashed the hopes of over 50 lakh employees who have been demanding higher minimum pay and fitment factor.

The Central and state government employees are demanding a hike of 3.68 times from 2.57 times in fitment factor beyond 7th Pay Commission recommendations from the Centre.