How did Media arrive the 7th CPC Minimum Pay as Rs.23400? - Indian Military Veterans



-----------------------------------------------








Veterans Welfare Latest News & 
Updates on various issues 
related to


Tri Services Pension – SPARSH -OROP

  ECHS - CSD 


Pay Fixation and Service/Pension Rules
as per orders & Instructions of Govt of India.


Purpose of this website


             Pensioners of the Armed Forces  are different from  pensioners of  other departments of the Government of India. Some rules and regulations apply to public services. In order to sensitize them about the various rules, regulations, government programs related to ex-servicemen and the various social assistance programs for families of ex-servicemen, we refer to the government instructions on this subject. , published information on related topics. Here, we will discuss SPARSH, CSD, ECHS, OROP, family pension, disability pension, Service pension, re-employment with life certificate and other welfare activities  to increase the awareness of beneficiaries. 

Regards,
KS RAMASWAMY 
Editor

Jun 23, 2016

Home Unlabelled How did Media arrive the 7th CPC Minimum Pay as Rs.23400?

How did Media arrive the 7th CPC Minimum Pay as Rs.23400?

For the past few days some News Agencies belongs to TV networks are blabbering about 7th CPC Minimum Pay and Implementation. They repeatedly claimed that Empowered Committee recommends 30% Increase in minimum wage. Thus Minimum Pay will be increased from 18000 to 23400 and highest pay will be increased from 250000 to 325000.

They actually exposing their ignorance by saying 30% increase will increase the Minimum Pay to 23400/-

The 7th CP recommended 14.29 % increase in minimum Pay The Minimum Pay in Sixth CPC = 7000 Total DA as on 1.1.2016 125% = 8750 Total Pay = 15750

Minimum Pay Recommended by 7th CPC = 18000 Increase Over Sixth CPC Pay = 14.29%
If the Cabinet Committee decides to increase 30% , The Minimum Pay will be Rs. 20475. Rounding of to 1000 may take it to Rs.21000.

How are Some familiar and Established news Media telling that 30% increase will take the Minimum Wage to Rs.23400? Without knowing the fundamentals of fixing Minimum Pay, they simply calculated 30% increase over Rs.18000 (which already has 14.29% inbuilt increase) and predicted Rs.23400 will be the Minimum Wage.

This false news created buss among cg employees. Now everybody talking about Rs.23400 as Minimum Pay. The NCJCM demanded to fix Rs.26000 as Minimum Wage according to Dr. Akroyd Formula based on the retail prices as on 1.1.2014. This is 65% increase over sixth CPC Minimum Wage +125% DA (7000+8750=15750).

If the government decide to increase the Minimum Wage 30% level, then the Minimum Pay will be Rs.21000 and Fitment factor will be fixed at 3.0.

Source: Govtstaffnews.in

by at

No comments:

Post a Comment

Indian Military Veterans Viewers, ..

Each of you is part of the Indian Military Veterans message.
We kindly request you to make healthy use of this section which welcomes the freedom of expression of the readers.

Note:

1. The comments posted here are the readers' own comments. Veterans news is not responsible for this in any way.
2. The Academic Committee has the full right to reject, reduce or censor opinion.
3. Personal attacks, rude words, comments that are not relevant to the work will be removed
4. We kindly ask you to post a comment using their name and the correct email address.

- INDIAN MILITARY VETERANS- ADMIN

Subscribe to: Post Comments (Atom)

Sponsor

LATEST NEWS

Post Top Ad