BUSINESS
The Narendra Modi government on Tuesday has announced a move under seventh pay commission that could bring good news for around retired 27 lakh employees.
The Narendra Modi government on Tuesday has announced a move under seventh pay commission that could bring good news for around retired 27 lakh employees. The Central government has said that it has revised the pension of retired faculty and other non-teaching staff in central universities and colleges under the 7th CPC.
Union HRD Minister Prakash Javadekar took to his Twitter account to inform that according to 7th Central Pay Commission the centre government has raised the pension of retired faculty and other non-teaching staff in central universities and colleges.
He further said that the latest move would benefit around 25,000 present pensioners in educational institutions.
The @narendramodi govt has revised pension of retired faculty & other non-teaching staff in Central Universities and Colleges as per the recommendations of the 7th Central Pay Commission. #Pension #CentralUniversity #7thPayCommission
— Prakash Javadekar (@PrakashJavdekar) June 11, 2018
Javadekar informed that the mentioned 25,000 pensioners would be given financial benefits from Rs 6,000 to Rs 18,000.
"Around 25,000 present pensioners will benefit in Central Universities and the UGC maintained deemed to be universities to the tune of Rs 6000 to Rs 18, 000," he said.
Besides the pensioners, Modi government's latest decision would also impact approximately 23 lakh employees, those got retired from state universities and affiliated colleges and also those who have adopted the prescribed pay scales.
Around 25000 present pensioners will benefit in Central Universities and #UGC maintained #Deemed to be #Universities to the tune of Rs. 6000 to Rs.18000#Pension #CentralUniversity #7thPayCommission
— Prakash Javadekar (@PrakashJavdekar) June 11, 2018
"The present move of centre government would benefit approx. 8 lakh teachers and 15 lakh non-teaching staff who retired from state public universities and affiliated colleges, who wish to adopt or have adopted pay scales prescribed for central universities," Javadekar tweeted.
This move of govt will benefit approx 8 lakh teachers & 15 lakh non –teaching staff who retired from State Public Universities & affiliated colleges, who wish to adopt or have adopted Pay Scales prescribed for Central Universities.#Pension #7thPayCommission #CentralUniversity
— Prakash Javadekar (@PrakashJavdekar) June 11, 2018
Earlier Himachal Pradesh Chief Minister Jai Ram Thakur has ordered a hike in the special pay of state government drivers from Rs 800 to Rs 1,000 per month. He has also cleared a hike in the uniform allowance from Rs 200 to Rs 300. It is to be noted that the chief minister also ordered that the pending medical and travelling allowance bills of the drivers and conductors should be cleared at the earliest.
Meanwhile, around 50 lakh Central government are waiting for much awaited hike in basic salary beyond the recommendations of the Seventh Pay commission. But if reports that are doing rounds lately are something to go by then the good news regarding salary hike might come on August 15. However, minister of State for Finance, P. Radhakrishnan, had cleared earlier that currently the government has no plans to increase the minimum salary beyond the seventh pay recommendations.
At present, the Central government employees are getting basic pay according to the fitment formula of 2.57 of the basic pay.
Fitment factor is a figure used by 7th CPC with which the basic pay in 6th CPC regime (i.e Pay in Pay band + Grade pay) is multiplied in order to fix basic pay in revised pay structure (i.e 7th CPC).
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