Minimum Pay Calculated by 7th CPC on the following Parameters – 11th BPS

Minimum Pay Calculated by 7th CPC on the following Parameters – 11th BPS

Per day PCU	Unit	Per month 3 PCU	Unit	Price/Unit (Rs.)	Expenses(Rs.)
1.   Rice/Wheat	475	gm	42.75	kg	25.93	1108.30
2.   Dal (Toor/Urad/Moong)	80	gm	7.20	kg	97.84	704.44
3.   Raw Vegetables	100	gm	9.00	kg	58.48	526.28
4.   Green Vegetables	125	gm	11.25	kg	38.12	428.85
5.   Other Vegetables	75	gm	6.75	kg	32.80	221.42
6.   Fruits	120	gm	10.80	kg	64.16	692.93
7.   Milk	200	ml	18.00	litre	37.74	679.26
8.   Sugar/Jaggery	56	gm	5.04	kg	37.40	188.48
9.   Edible Oil	40	gm	3.60	kg	114.02	410.46
10. Fish			2.50	kg	268.38	670.95
11. Meat			5.00	kg	400.90	2004.51
12. Egg			90.00	no.	4.27	383.98
13. Detergents etc			Rs./month		291.31	291.31
14. Clothing			5.50	meter	164.88	906.83
15.  Total (1-14)						9217.99
16. Fuel, Electricity, Water Charges						2304.50
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

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.