New Delhi, Nov 17: The Centre saved Rs 26,000 crore by delaying the pay hike of central government employees, report claimed. The pay hike is expected to be implemented between January and April next year months after approval of recommendations of Seventh Pay Commission. A report claimed that government is contemplating to implement the pay hikes by April next year once all technicalities are settled.
A report by OneIndia stated that the government is yet to complete two formalities i.e. the NAC meet and placing it before the Department of Expenditure.
The seventh pay commission had revised the basic pay to Rs 18,000 in July this year. The minimum pay in central government with effect from January 1, 2016 will be Rs 18,000 per month, up from Rs 7,000 per month. At the highest level of Cabinet Secretary, the salary would go up from Rs 90,000 a month to Rs 2.5 lakh.
“With regard to fixation of pay of the employee in the new Pay Matrix as on 1st day of January 2016, the existing pay (Pay in Pay Band plus Grade Pay) in the pre-revised structure as on the 31st day of December 2015 shall be multiplied by a factor of 2.57,” the government notification said.
The Central government employs 48 Lakh employees. If the saving of Rs 3,000 per month is taken into consideration, the government has saved Rs 26,000 crore by delaying hiked pay for 18 months.