7th Pay commission new report: Union Finance Minister Nirmala Sitharaman will present the union Budget 2023 on February. it brings a new hope of ray for salaried class and middle class group. People have many expectation with the upcoming Budget especially government employees have kept eye on 7th Pay commission update. 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 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.
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.
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