Setting up of a high level committee to review the Minimum Wage Multiplication Factor National Council (Staff Side) Joint Cinsultative Machinery for Central Government Employees 13-c, Ferozshah Road, New Delhi- 110001 Shiva Gopal Mishra Secretary No.NC-JCM-2016/7th CPC August 12,2016 Shri … [Read more...] about Setting up of a high level committee to review the Minimum Wage Multiplication Factor
Multiplication Factor
Multiplication Factor to determining the Basic Pay of 7th Pay Commission
Multiplication Factor – A Crucial Indicator for determining the Basic Pay of 7th Pay Commission It is well known that Multiplication Factor 1.86 was being used by the 6th Pay Commission to calculate the new revised basic pay. The 6th Pay Commission had initially suggested 1.74, but it was later … [Read more...] about Multiplication Factor to determining the Basic Pay of 7th Pay Commission