weather_iconDublin | 13.64 °C | AQI 5
Friday, 27 December, 2024

---Advertisement---

Business

7th Pay Commission: Salary hike for government employees again? check out here

7th Pay Commission: The Central Government may soon decide whether to grant the Central Government Employees Unions’ long-standing request to raise the fitment factor. Media reports have brought this to light. The central government employees’ never-ending wait, which is increasing demand pressure, has caused the fitment factor to rise from 2.57 to 3.68 times. Salary […]

7th Pay Commission: The Central Government may soon decide whether to grant the Central Government Employees Unions’ long-standing request to raise the fitment factor. Media reports have brought this to light. The central government employees’ never-ending wait, which is increasing demand pressure, has caused the fitment factor to rise from 2.57 to 3.68 times.

Salary following a potential increase in the fitting factor?

---Advertisement---

After the Union Budget for the following year, the government may decide to raise the fitment factor, according to media reports. The salary minus allowances, if the government triples the fitment ratio, is 18,000 X 2.57, or Rs 46,260. In contrast, if the employees’ expectations are granted, the salary will be 26000 X 3.68, or Rs 95,680. The pay would be Rs. 63,000 if the government took the fitment factor into account three times.

Government increased DA by 4% to 38% under the 7th Pay Commission.

---Advertisement---

On September 28, 2022, the Union Cabinet approved a rate of 4% for Central Government employees and pensioners, effective July 1, 2022, based on the percentage increase in the 12-month average of the All India Consumer Price Index (for the period ending June, 2022) The disbursement of an additional Dearness Allowance and Dearness Relief from Rs. instalment received approval. Employees of the Central Government and retirees will be eligible for Dearness Allowance and Dearness Relief if their salaries surpass $107 per week as of July 1, 2022, respectively.

HISTORY

Written By

Divya Richa

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Lok Sabha Elections 2024 Sets World Record With 64.64 Crore Voters

Dec 26, 2024
Latest LIVE News Trending Today, Real Time Updates
  • 13:53 (IST) 26 Dec 2024

    IFS Manika Jain Appointed Ambassador Of India To Republic of Moldova

N24 Shorts Logo

SHORTS

Sports

Heinrich Klaasen’s Net Worth: IPL’s Highest Retained Star – Salary, Stats & Personal Life Revealed!

Heinrich Klaasen is a skillful cricketer known for his adeptness as a wicket-keeper and a swashbuckling batter. Let's see Klaasen's Net Worth, Salary, Stats, and More.

View All Shorts

---Advertisement---

Trending