There is good news for the employees. Along with the 4% increase in dearness allowance, their minimum wages can also be increased. It is believed that soon it will be announced by the government. With the announcement of this, there will be an increase of 44 percent in the salary of the employees.
7th Pay Commission, DA Hike, Fitment Factor: There is good news for the employees. Soon there will be a big increase in their salary. In fact, with the increase of 4 percent in their dearness allowance, dearness allowance has increased to 42 percent. In July, once again dearness allowance can be seen to increase by 4 percent. However, along with this, before the upcoming elections, the Modi government can also increase the minimum wages of the employees.
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Although no official confirmation has been made regarding increasing the fitment factor, but in view of the upcoming elections, the Modi government can take an important decision on increasing the fitment factor on the demand of the employees. Let us inform that at present the salaries of the central employees are being paid on the basis of the Seventh Pay Commission. In view of the upcoming elections, the fitment factor can be increased from 2.57 to 3 percent or even 3.68 percent.
It is believed that in 2024, the fitment factor can be increased as per the recommendation of the Seventh Pay Commission. Elections are to be held across the country in 2024. In such a situation, there is a possibility of implementing the fitment factor from 2026. It is to benefit more than 50 lakh employees. Central government employees have been waiting for a hike in salary for a long time. Discussion has also started regarding the new pay commission. Pensioners will also get to see a big benefit of the increase in minimum wages. At present, no update has been issued by the government, but the expectation of the 8th Pay Commission is being expressed.
If there is an increase in the minimum wage, then the salary of central employees can increase by more than 44%. Along with this, salary will be reviewed on any other formula other than fitment factor. Compared to the same old commission, a lot of changes can be seen in it.
Salary can be increased by 44.4%
Earlier the fitment factor was 2.57 times. After which the salary of the employees was increased by 14.29 percent. After this increase, the minimum wage of the employees was fixed at 18000. At the same time, under the 8th Pay Commission, it is believed that the fitment factor can be increased to 3.68. Along with this, the salary of the employees can be increased by 44.4%. With this, their salary may increase from Rs 18000 to Rs 26000.
Update on Automatic Pay Revision System
According to media reports, the employees have been demanding this for a long time. In such a situation, the Department of Expenditure will consider the demand of the employees and the recommendation given on the basis of review will be sent to the Finance Ministry. The same decision can be taken at the time of formation of the Pay Commission in the next year. A new formula is also being considered to increase the salary. After a time gap, the salary of the employees will automatically increase. Employees can be given this benefit under the automatic pay revision system. With the increase in the minimum wage, the salary of the employees can reach up to Rs 96,000.
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