7th Pay Commission Latest News: As August 15 nears, the hopes of over 50 lakh Central Government employees and an equivalent retirees for a hike in minimum pay and fitment factor beyond the 7th Pay Commission recommendations remain on an all-time high. If reports are to be believed, Prime Minister Narendra Modi, on Independence Day, is expected to make an announcement about a hike in fitment factor and minimum pay of Central Government employees.Also Read - PM Modi Declares January 16 as National Startup Day, Calls Startups As Backbone of New India

The speculation gains further strength after a hike in minimum support price (MSP) was announced by PM Modi recently. On the other hand, if reports are to be believed, the Central and State government employees, who are waiting a salary hike beyond 7th CPC or 7th Pay Commission recommendations, might receive a good news from the Centre ahead of the issue of notification on the Lok Sabha Elections 2019 by Election Commission of India’s (ECI). Also Read - 7th Pay Commission: Centre Likely to Increase Basic Salary of Govt Employees to Rs 26,000 Before Assembly Polls

Furthermore, the benefits of the 7th Pay Commission have already been provided to the state employees by the governments of Jammu and Kashmir, Tripura, Uttar Pradesh and Madhya Pradesh. This has cemented the belief of the Central and State government employees that their salaries will see a hike soon, even more. Also Read - Bikaner-Guwahati Express Derails: Railway Orders High-level Inquiry, NFR Completes Rescue Ops | Key Points

The Central and state government employees are demanding a hike from 2.57 times to 3.68 times in fitment factor  beyond the recommendations of the Seventh Pay Commission, claim reports.

Earlier this year, Minister of State in Finance P Radhakrishnan had dashed the hopes of over 50 lakh employees who have been demanding higher minimum pay and fitment factor. Informing Rajya Sabha, he had reportedly said that the government was not considering hiking minimum pay and fitment factor beyond the 7th Pay Commission recommendations.