The buzz around the implementation of the 7th Central Pay Commission (7th CPC) is increasing, both with regard to the date of implementation and the quantum of hike that will benefit about 47 lakh Central government employees and 52 lakh pensioners.
While it was earlier reported the minimum monthly basic salary will be Rs. 24,000 — Rs. 6,000 more than the sum recommended by the 7th CPC — it is now being speculated the committee formed to oversee the implementation of the recommendations may increase the minimum and maximum monthly salary by 30 percent, as reported by Zee News.
The channel also said the meeting of the empowered committee of secretaries headed by cabinet secretary P K Sinha did not take place last Saturday and is likely to be held either on Monday or Tuesday.
The revised salaries are likely to reflect in the July pay of government employees. "Central government employees could get the revised pay-scales with their July salaries that would be credited on Aug. 1," the Financial Express quoted finance ministry officials as saying.
The 7th CPC had recommended a minimum monthly basic salary of Rs. 18,000 and maximum Rs. 2,50,000. A 30 percent increase would translate into minimum salary of Rs. 23,400 and maximum at Rs. 3,25,000, respectively.
The overall financial impact on the Central government arising out of the implementation of the recommendations of the 7th CPC is expected at Rs. 1,02,100 crore for the current fiscal.
Salaries and allowances without the implementation of the recommendations would have been Rs. 4,33,500 crore. If the recommendations in their present form are implemented, the salary and allowances bill would go up to Rs. 5,35,600 crore, a rise of 23.55 percent (Rs. 1,02,100 crore).