The latest news from the 7th Pay Commission Latest News is here. The Central government is planning to make the announcement on DA hike after Holi and it may revise the fitment factor in March 2023.
To the Central government employees who are waiting for their salary increment, here’s a shocking update for you. The Central Government is likely to increase in salary, Dearness Allowance (DA), and also Dearness Relief (DR) under the 7th Central Pay Commission (CPC). In this regard, the Central Government is planning to make the announcement after Holi and it would revise the fitment factor in March 2023. This news is according to a report by Economic Times.
The Union government revised the dearness relief (DR) and dearness allowance (DA) usually twice a year on Jan 1 and July 1.
The central government employees are likely to get an increment in their salary, Dearness Allowance (DA), and Dearness Relief (DR) as per the 7th Central Pay Commission (CPC). The government would make an announcement in the regard of Holi, and it would update the fitment factor in March 2023. This latest news is a huge positive for lakhs of government employees who are awaiting this amazing announcement for many months.
As per the media reports, the centre is also revising the Dearness Allowance and even fitment factor post-March 8. Currently, the common fitment factor is 2.57%, which indicates that an employee who is receiving Rs.15,500/- in 4200 Grade Pay, is likely to get a total pay of Rs.39,835/-. As per the 6th Pay Commission, this digit can be obtained by multiplying (Rs.15,500 x 2.57).
The 6th Central Pay Commission had already recommended the fitment ratio at 1.86 %, whereas the 7th Central Pay Commission recommended 2.57% as a fitment factor. This is how the employees are currently being paid. Noticeably, the central government employees are demanding to increase the fitment factor to 3.68%. If the government accepts this demand, then this means that the minimum wages will increase from Rs.18,000/- to Rs.26,000/-.
The Central government also anticipated to increase the DA by this March, from 38% to 42%. This hike in the salary and DA can be made effective from January 2023. Additionally, the central government would increase DA and DR for pensioners and give them 18-month DA arrears to the government employees.