Thursday, 25 April, 2024
Trending TopicsIpl 2024Lok Sabha 2024

---Advertisement---

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 […]

Edited By : Divya Richa | Updated: Jan 18, 2023 11:50 IST
Share :
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.

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)

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

First published on: Jan 17, 2023 02:57 PM IST
Related Story