• DOPT
  • 7th CPC
  • LTC
  • Aadhar
  • AICPIN
  • Bank employees
  • CCS Rules
  • CSD
  • DA
  • JCM

CENTRAL GOVERNMENT EMPLOYEES NEWS

CG Staff News, Central Govt Employees News, Expected DA, Dopt Ordres, 7th Pay Commission News, Retirement Age

  • Home
  • 7thCPC
  • OROP
  • DOPT orders
  • 7th CPC PayScales
  • LTC
  • CGHS
  • Holidays
  • RETIREMENT AGE

7th CPC – Minimum Wage should be Rs 32,000/-..

June 19, 2015 By admin

7th pay commission minimum wage should be Rs 32,000/-fitment formula should be 4.5 times-Confederation of Central Government Employees and Workers Karnataka State

The Staff Side (JCM) has calculated minimum wage as on 1st Jan 2014 as per the Dr. Aykroyd formula as Rs 26,000/- taking into following prices.

 7thpaycommission fitment

The 7th CPC has hinted that the date of effect of the 7th CPC shall be from 1st Jan 2016. In this context the minimum wage and fitment formula, should be as follows.

The increase in prices between 1st Jan 2014 to 1st July 2015 is 18% as the DA as on 1st Jan 2014 was 100% and likely DA as on 1st July 2015 is 118%, In actual terms the retail prices have increased by over 25%. Even considering the 18% hike in prices from 1st Jan 2014 to 1st July 2015 and adding 7 % likely hike in prices for the period 1st July 2015 to Jan 2016 it works out to 25% hike in minimum wage.

Minimum wage calculated by the Staff Side (JCM) using Dr. Aykroyd formula as on 1st Jan 2014 was Rs 26,000/-

Adding 25% hike in prices between 1st Jan 2014 to 1st Jan 2016, the minimum wage should be Rs 32,000/- and accordingly the fitment formula should work out to 4.5 times.

If we calculate the minimum wage as on 1/1/2016 using the Dr. Aykroyd formula taking into account the current retail prices in Bangalore. It works out Rs 27,000/- and fitment formula as 3.85.

Min wage 2016xls-page-001

There are many rumors on the fitment formula and minimum wage, actually the 7th CPC has made only a draft and they will calculate the actual fitment formula and minimum wage only next month taking into the account the prices as on 1st July 2015 and adding weight age for the period 1st July 2015 to Jan 2016 and work out the fitment formula and minimum wage.

If any fitment formula less than 3.85 and minimum wage of Rs 27,000/- it will be denial of right wages for CG employees.

During the 6th CPC the Staff Side (JCM) has calculated minimum wage as on 1st Jan 2006 as per the Dr. Aykroyd formula as Rs 10,000/-, where as the 6th CPC had provide the minimum wage as Rs 7000/- and the 6th CPC had fixed fitment formula of 1.86.Most of the pay commissions have accpeted 70% of the staff side demand. We sincerely hope this 7th Central Pay Commission will also calculate the right wages and fitment formula for the Central Government Employees.

Source –  http://karnatakacoc.blogspot.in/2015/06/minimum-wage-and-fitment-formula.html

 

Related Posts:

  • Minimum wage and fitment formula for Central Government Employees…
  • Final Meeting with 7th CPC – NFIR…
  • 7th CPC – Central Government May Implement Seventh Pay Commission Report From April 2016…
  • 7th CPC -Minimum wage and Multiplier Factor for Central Government Employees…
  • NJCA – Central Government to reconsider 7th Pay Commission Minimum Wage and Fitment Formula….




Recent Entries

Holidays to be observed in Central Government Offices during the year 2018…

October 22, 2017

Website for Gallantry Awardees since Independence Launched…

August 15, 2017

Prime Minister addresses nation from the ramparts of the Red Fort on 71st Independence Day…

August 15, 2017

7th CPC – Transport Allowance issue settled for Pay Matrix Level 1 and 2….

August 15, 2017

Centre To Cut 25 Percent Govt Jobs…

August 13, 2017

NFIR – MACPS anomaly as a result of implementation of 7th CPC Pay Matrix levels…

August 12, 2017

NFIR – Anomaly in 7th CPC Pay Matrix Levels…

August 12, 2017

Retired Government servants to be appointed on contractual basis in Government Departments…

August 11, 2017

7th Pay Commission: Bad news for central government employees, no minimum pay hike…

August 10, 2017

NCERT launches its Web Portal for supply of NCERT Textbooks…

August 10, 2017




list

holidays
aicpin M
union cabinet

nps2

highlights

Like us on Facebook

June 2015
M T W T F S S
« May   Jul »
1234567
891011121314
15161718192021
22232425262728
2930  

Enter your email address:

Delivered by FeedBurner

Subscribe to CENTRAL GOVERNMENT EMPLOYEES NEWS by Email




Pages

  • 7th CPC
  • 7th CPC PayScales
  • CGHS
  • DISCLAIMER
  • DOPT
  • LTC

Categories

Copyright © 2021 · News Pro Theme On Genesis Framework · WordPress · Log in