Minimum Pay Calculated by 7th CPC on the following Parameters – 11th BPS
Thus we shall also follow the principles of VII pay commission in fixing minimum salary, of course to be calculated as on 1st November. 2017 after adding the cushion discounted by the pay commission to the Government employees for the “ STATUS” they enjoyed and also after adding the additional cushion for the RISK, RESPONSIBILITY, TRANSFERABILITY AND ACCOUNTABILITY the bank officers are subjected to, in the same ratio fixed between the employees and officers, deleting the very concept of special pay caused grave injustice to the retired/retiring officers who laid strong edifice to the ever strong Indian banking sector. We have to take into account the inflation projected for Nov,17.
|Minimum Pay calculated by 7th CPC on the following parameters|
|Per day PCU||Unit||Per month 3 PCU||Unit||Price/Unit (Rs.)||Expenses(Rs.)|
|2. Dal (Toor/Urad/Moong)||80||gm||7.2||kg||97.84||704.44|
|3. Raw Vegetables||100||gm||9||kg||58.48||526.28|
|5. Other Vegetables||75||gm||6.75||kg||32.8||221.42|
|9. Edible Oil||40||gm||3.6||kg||114.02||410.46|
|13. Detergents etc||Rs./month||291.31||291.31|
|15. Total (1-14)||9217.99|
|16. Fuel, Electricity, Water Charges||2304.5|
|17. Total-(15) divided by 0.8||11522.49|
|18. Marriage, Recreation, Festivals, etc.||2033.38|
|19. Total-(17) divided by 0.85||13555.87|
|20. Provide for Skill by adding 25% to (19)||3388.97|
|21. Sum (19+20)||16944.84|
|22. Housing @||524.07|
|23. Total-Divide no.21 by 0.97||17468.91|
|24. Step up of 3% on No.23 as DA is projected at 125% on 01.01.2016||524.07|
|25. Final Minimum Pay as on 01.01.2016 (23+24)||17992.98|
|26. Rounding off||18000.00|
We shall also uphold views expressed in offering the running scale without stagnation and also in scrapping the NPS.
(Paragraphs in italics are verbatim reproduced from 7th report) pay commission With this background let us now go into our Charter of demands.
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