7th Pay commission report is expected to be released by the second week of August
Seventh pay commission will bring economic growth of country
7th Pay commission report is expected to be released by the second week of August; lot of new things is expected to be seen in the pay commission report.
Seventh Pay commission leads to desperation, possibilities to receive less than expected salary, inflation has been bypassed.
New Delhi: The price of goods collected by the seventh pay commission from the markets signifies that the new pay commission will not be as intriguing as the sixth pay commission. It is being told that the seventh pay commission is not seeing the market inflation the way it is in reality. As the government had failed to overcome the market inflation, the previous pay commission gave a huge increment in the allowances.
The Employee Salary had an increment of upto 1.75 times. For Central Government employees the new pay commission has recommended a monthly basic salary of Rs. 26000, but sources state that the Seventh Pay commission headed by Justice Ashok Kumar Mathur is not going to request the Central Government for this expected monthly basic salary. Currently the lowest basic pay is Rs. 7000.
Considering the inflation, a Salary hike of more than three and a half times has been demanded. Therefore, the pay ratio between the Cabinet Secretary and the lowest paid employee is requested to be 1:8 (one to eight Ratios). Sources say that the seventh pay commission is not going to accept this too. Currently the difference in pay between the Cabinet Secretary and the lowest paid employee is 1:12.5 (one to twelve and a half ratios).
The good news is that the seventh Pay commission will definitely keep in mind that the percentage of increase in pay should be equal among junior and senior employees. The previous pay commission was good in many aspects, but there remained an anomaly that some grade received 5% increment and another received a lesser increment.
The argument of the employees who have demanded Rs 26000 for the junior most employee is that the current basic pay of Rs 7000 along with 113% Dearness Allowance (Including the 6% increment given by the Modi Government) amounts to more than Rs 15000.
Hence a basic salary of Rs 26000 wouldn’t be a huge increment. They also state that the market prices of goods collected by the Seventh Pay Commission, are old and taken from the wholesale market. It is said that the prices of Wheat, Rice, Pulses have increased significantly. It is currently difficult to say whether there would be any effect of these Pleas on the Seventh Pay commission.
- Hesitation to revise the basic pay from Rs 7000 to Rs 26000
- There will be a huge difference between the pay of junior employees and the Cabinet
- Employees not to expect this to be as captivating as the Sixth Pay Commission.