New Delhi : After the 7th pay commission comes, central government is considering the minimum wage to increase from Rs 18,000 to Rs 26000. The media report claimed that Prime Minister Modi could make additional announcements in the minimum wage on August 15, 2018. If this happens, it will benefit 10 million central employees and pension holders. However, one warning from RBI may turn the water on this hope.
RBI reviewed the ephemeral policy earlier this month. Once again, the suspicion is that research in HRA (house rent allowance) is likely to increase inflation. Experts believe that the possibility of increasing salaries decreases if the government applies to RBI's concerns. The central bank said earlier that applying the 7th pay commission could have an impact on the rate of inflation. Revised HRA structure has been implemented in July 2017.
Repo rate and reverse repo by 25
basis points. RBI revised the repo rate by 25 percent to 6.5 percent during the review of the monetary policy. On the other hand, the reverse repo rate has been increased to 6.25%. Currently, central employees are getting the basis of basic pay fitment factor. The fitment factor was used in the 7th pay commission recommendation. That is, the 6th salary was basically paid during the punch. It will be done according to the fitment factor. This is a basic pay in the base 7 of the pay commission.
basis points. RBI revised the repo rate by 25 percent to 6.5 percent during the review of the monetary policy. On the other hand, the reverse repo rate has been increased to 6.25%. Currently, central employees are getting the basis of basic pay fitment factor. The fitment factor was used in the 7th pay commission recommendation. That is, the 6th salary was basically paid during the punch. It will be done according to the fitment factor. This is a basic pay in the base 7 of the pay commission.
The central government has rejected the possibility of additional salary hike. The
central government has rejected any additional possibility of salary in parliament. In the Lok Sabha, Minister of State for Finance P. Radhakrishnan said that Prime Minister Modi is not ready to increase any minimum wage in addition to the 7th pay commission. However, our associate website, according to the DNA report, can make this kind of announcement keeping in view the Lok Sabha elections in 2019.
central government has rejected any additional possibility of salary in parliament. In the Lok Sabha, Minister of State for Finance P. Radhakrishnan said that Prime Minister Modi is not ready to increase any minimum wage in addition to the 7th pay commission. However, our associate website, according to the DNA report, can make this kind of announcement keeping in view the Lok Sabha elections in 2019.
