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Depending on the weightage fitment formula may range from 2.72 times to 3.72 in 7th Pay Commission

May 6, 2015 admin 1 Comment

Depending on the weightage fitment formula may range from 2.72 times to 3.72 in 7th Pay Commission

“Depending on the weightage fitment formula may range from 2.72 times to 3.72“

“The Sixth Central Pay Commission has recommended a minimum wage of Rs 6600/- per month against the demand of Rs 10,000/- per month as worked out by Staff side of JCM, Today the minimum need based wage works out to Rs 26,000/ per month.”

Minimum Wage of Rs 26,000/- Justified and Fitment formula

Comrade,
The DIRECTORATE OF ECONONMICS & STATISTICS DEPARTMENT OF AGRICULTURE & COOPERATION MINISTRY OF AGRILCULTURE GOVERNMENT OF INDIA NEW DELHI has published the RETAIL PRICES OF FOOD AND NON FOOD ITEMS VIDE http://rpms.dacnet.nic.in/ PLEASE GO THROUGH THIS IMPORTANT LINK . which contains district wise price report.

http://rpms.dacnet.nic.in/Bulletin.aspx

You can get any price of any article using the Query option.

http://rpms.dacnet.nic.in/QueryReport.aspx

The prices of many items provided by the Staff side JCM are lower than the retail prices provided by the Government agency . Hence the Minimum wage of Rs 20,000/- is justified for the erstwhile Group “D” with effect from 1/1/15 using Dr Aykroyd formula . After weightage of 25% for Group “C” it works out to Rs 26,000/- .

Please click here for Prices of Food items as on 1/1/15

Please click here for Prices of Non Food items as on 1/1/15

Please click here for Minimum Wage Caluation Sheet

The fitment formula may range from 2.72 times to 3.72 depending upon the weightage.

The Sixth Central Pay Commission has recommended a minimum wage of Rs 6600/- per month against the demand of Rs 10,000/- per month as worked out by Staff side of JCM, Today the minimum need based wage works out to Rs 26,000/ per month.

Comradely yours

(P.S. Prasad)
General Secretary

Source: www.karnatakacoc.blogspot.in

Related updates:

    7th Central Pay Commission Report Download PDF (Updated 2025)

Filed Under: 7th Central Pay Commission, 7th CPC News, 7th CPC Projected Pay Scale, 7th CPC Report

Comments

  1. trusha says

    May 28, 2015 at 11:28 pm

    WHY PSB BANK EMPLOYEES ARE NOT INCLUDED IN CPC.AS BANKING SECTOR ARE BACKBONE OF (FINANCIALY) OF SOCIETY BUT GETTING WORSE OF SALARY.I RQST MODI TO LOOK INTOTHIS MATTER PLEASE.

    Reply

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