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7th Pay Commission recent news: Must know update for govt employees about DA, fitment factor hike, salary increase

7th Pay Commission recent news: The Prime Minister Narendra Modi-led government at the Center is anticipated to raise the Fitment Factor in January, which is excellent news for lakhs of central government employees who are eager to receive a New Year’s present from the Centre. It should be mentioned that central government employees all throughout India have been calling for the fitment factor to be revised.

According to the recommendations of the 7th pay commission, the fitment factor for employees of the Central Government should be increased from 2.57 to 3.68. All central government personnel would benefit from the rise in fitment factor.

7th Pay Commission recent news: Hiked Salary

The employees’ compensation, excluding allowances, would be 18,000 X 2.57, or Rs. 46,260, if the Center decided to boost the fitment factor by three times.

The remuneration will be 26000 X 3.68 = Rs 95,680 if the centre accepts the employees’ expectations.

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The pay will be 21000 X 3 = Rs 63,000 if the Center agrees to a three-fold increase in the fitment factor.

According to the 7th Pay Commission’s recommendations, the basic salary, fitment factor, and allowances of central government employees determine their compensation.

DA hike in January 2023 7th pay commission big update

At this point, a 4% increase in DA in January 2023 seems likely. According to some media sources, the dearness allowance hike in January 2023 will be comparable to the allowance issued around Diwali last year.

According to some rumours, the hike in DA will be announced in March 2023, and as it has historically been the case that the implementation date falls in January, the Central Government employees would also receive the arrears.

Over 1 crore employees and pensioners benefited

Significantly, the increase in dearness allowance by the central government will benefit about 47 lakh employees and 68 lakh pensioners of the country. The government had increased DA by 3 per cent at the beginning of the year, after which the dearness allowance had gone up to 34 per cent. Now with the increase in DA by 4 per cent, the dearness allowance will increase to 38 per cent.

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Actually the dearness allowance of central government employees is revised twice a year. The first is given from January to June, while the second comes from July to December.

Read More :- Latest Business News

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