7th Pay Commission: Central Government Employees to See Salary Increase Soon As DA Hike, Fitment Factor Revision Likely After Holi, Says Report
Delhi, March 15: The central government can make some important announcements regarding the salary of the employees. The central government can give double happiness to the central employees after the festival of Holi. Holi will ne celebrated on March 8 across India. According to reports in ABP News, dearness allowance for lakhs of employees and dearness relief for pensioners can be increased along with the fitment factor on 7th pay commission recommendations.
Currently, dearness allowance is being given to central employees at the rate of 38 per cent and it can be increased to 42 per cent. In such a situation, there can be an increase of 4 percent in dearness allowance and dearness relief. It is expected that the government can announce it after Holi. 7th Pay Commission Latest News Today: Here’s When Centre Will Announce First DA Hike of 2023.
According to the media reports, the centre is mulling revising the Dearness Allowance and fitment factor post-March 8. At present, the common fitment factor is 2.57%, indicating that an employee who receives Rs 15,500 in 4200 Grade Pay, would get a total pay of Rs 39, 835. This figure is obtained by multiplying (Rs 15,500 x 2.57) according to the 7th Pay Commission. 7th Pay Commission Good News: Centre Likely To Take Decisions on Dearness Allowance Hike, Fitment Factor Raise and Pending Arrears Within a Week.
The government is also anticipated to increase the DA this March, from the present 38% to 42%. The hike in DA and salary would be effective from January 2023. In addition to these measures, the government is also likely to increase DA and DR for pensioners and give 18-month DA arrears to government employees.
(The above story first appeared on Today News 24 on Mar 06, 2023 02:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
