The Seventh Pay Commission was constituted in order to revise the
salaries and pensions to the Central Government employees and
pensioners. After 21 months, the commission submitted its detailed
report in November. With intense opposition from all quarters, including
pensioners, the Centre constituted a high-level committee led by PK
Sinha, to look into the recommendations.
The committee has submitted its report to the Government. After
incorporating the recommendations and suggestions made by the committee,
the Ministry of Finance is all set to obtain the approval of the
cabinet tomorrow, June 29, 2016. A meeting of the cabinet will be called
for tomorrow.
The Seventh Pay Commission had
fixed a common Fitment Factor, applicable to all, at 2.57. accordingly,
the minimum wages was fixed at Rs.18,000 (7000 x 2.57 = 17,990). Based
on this, a new table, called the ‘Pay Matrix’, was formulated. If any
changes are brought forth to the basic pay, then, it can be said that
similar changes will also be effected in the Fitment Factor too.
Tomorrow will bring an answer to a number of questions, speculations, and guesses. Let’s wait until then