weather_iconDublin | 11.85 °C | AQI 17
Friday, 15 November, 2024

---Advertisement---

Business

7th Pay Commission: Central government employees to get big post-Budget gift; details here

7th Pay commission new report: The most recent information from the 7th Pay Commission indicates that thousands of central government employees are eagerly awaiting official word on the next round of Dearness Allowance (DA) increases. After the Budget 2023, the government might potentially approve a continuous need for central staff. According to media report, the […]

Good News: 7th Pay commission, DA increase news ahead of Holi
7th Pay commission: Government refuses to pay Da arrears

7th Pay commission new report: The most recent information from the 7th Pay Commission indicates that thousands of central government employees are eagerly awaiting official word on the next round of Dearness Allowance (DA) increases. After the Budget 2023, the government might potentially approve a continuous need for central staff.

According to media report, the minimum wage for employees of the federal government may increase following the presentation of the Union Budget 2023 by Finance Minister Nirmala Sitharaman on February 1. The employees’ side has argued that DA raises should be supported in light of rising inflation, leading to a request for an increase in the basic pay.

---Advertisement---

Read More :-EPFO NEW ONLINE SERVICE LAUNCHED FOR PENSIONERS; GET DETAILS HERE

According to the most recent sources, the administration may also take into account changing the salary fitment factor for central government employees under the guidelines of the 7th Pay Commission. Currently, 2.57 times is the average fitting factor for government personnel. The demand is to increase this ratio to 3.68 times, which will result in an increase of 8,000 over the present rate of 18,000 rupees. (7th Pay commission new report)

---Advertisement---

In March 2023, the central government is also anticipated to increase the DA of central government employees. The first DA increase of 2023 will take effect in January. The most recent AICPI results slightly disappointed those workers who were hoping for a raise of more than 4% this time.

The All-India Consumer Price Index (AICPI) number increased between April and October but remained unchanged in November. The AICPI is important in determining the amount of the DA increase for government employees. An rise would have raised hopes for a larger DA boost. The central government workforce received a Diwali treat in the form of a 4 percent DA rise after a 3 percent raise in January 2022.

Read More :-EXPECTATIONS FROM UNION BUDGET 2023 ON URBAN DEVELOPMENT; KNOW EXPERT’S VIEWS HERE

Read More :- Latest Business News

HISTORY

Written By

Divya Richa

Updated By

Divya Richa

Updated By

Manish Shukla

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Kavach 6.0- Delhi Police Crack Down On Narcotics, Arrest 140 Across 15 Districts

Nov 14, 2024
Latest LIVE News Trending Today, Real Time Updates: Layer Of Smog Engulfs National Capital
  • 13:30 (IST) 14 Nov 2024

    ‘They Are Losing Jharkhand elections,’ Says Tejashwi Yadav

  • 12:52 (IST) 14 Nov 2024

    Dominica To Award Its Highest National Honour Upon PM Modi

  • 12:49 (IST) 14 Nov 2024

    Whatever The CM Has Stated Is Correct – Says Karnataka Minister KN Rajanna

N24 Shorts Logo

SHORTS

Jharkhand Assembly Election 2024
India

Santhal Pargana Becomes Battleground As BJP Pushes Hindutva Agenda In Jharkhand Assembly Election 2024

While campaigning for the Jharkhand Assembly Election 2024, PM Narendra Modi claimed that the tribal population in Santhal Pargana was decreasing because a huge number of Bangladeshis had infiltrated and the infiltration is still going on.

View All Shorts

---Advertisement---

Trending