Trending TopicsIpl 2024Lok Sabha 2024

---Advertisement---

7th Pay Commission: Good news for more than 52 lakh central employees, here is the gift details!

7th Pay Commission: The central government is currently required to honour its employees. There is good news for the central government employees once more following Diwali. Following a four per cent increase in Dearness Allowance (DA) before Navratri, DA is now anticipated to rise starting in January 2023 of the following year. If nothing changes, […]

Edited By : Divya Richa | Updated: Nov 1, 2022 14:45 IST
Share :

7th Pay Commission: The central government is currently required to honour its employees. There is good news for the central government employees once more following Diwali. Following a four per cent increase in Dearness Allowance (DA) before Navratri, DA is now anticipated to rise starting in January 2023 of the following year. If nothing changes, the dearness allowance might rise by three to four percent the next year as well.

Also Read :- Gold Price Today: Wat a fall! gold slips by 5738! Check the golden rates

The central government may soon enhance the fitment factor for more than 52 lakh central employees, according to recent news reports. It is important to note that the basic pay grows in accordance with the fitting factor. In fact, the central employees have been pressing the central government for a raise in the fitment factor for a very long time.

Currently, central staff receive a fitting factor of 2.57%. It is wanted to be increased to 3.68 times. The minimum basic wage will rise from Rs 18,000 to Rs 26,000 when the fitment factor is increased from 2.57 to 3.68. The minimum wage for central employees will significantly increase if the central government accedes to this demand.

Also Read :- Share market rises, Sensex trading above 61,000, Nifty at 18100

It is important to remember that the fitting factor was last raised in 2016. In the same year, the 7th Pay Commission was also put into effect. At that moment, the employees’ minimum pay increased immediately from Rs. 6,000 to Rs. 18,000. The highest level, however, saw an increase from Rs. 90,000 to Rs. 2.5 lakh. This year, the government can now raise the salaries of central personnel once again.

Read More :- Latest Business News

First published on: Nov 01, 2022 02:32 PM IST

Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story