7th Pay Commission Good News: Employees Likely To Get Hike in DA, Fitment Factor- Know How Much Salary Will Be Hiked
7th Pay Commission Good News: Employees Likely To Get Hike in DA, Fitment Factor- Know How Much Salary Will Be Hiked
In a move that will bring relief to millions of Central government employees, the Centre is expected to announce a hike in salaries soon. The Central government is going to raise the Dearness Allowance (DA) and Fitment Factor, which would ensure a substantial increase in monthly incomes for the government employees, according to reports. However, an official announcement on this is awaited.
7th Pay Commission: The Centre made the final announcement regarding the DA rise in March, and it became effective from January 1, 2023. As per reports, there are indications that the Central government might implement a 4% increase according to the 7th Pay Commission in employees’ dearness allowance.
The DA is revised twice a year, in January and July, in order to help Central government employees keep up with rising inflationary pressures. Reports indicate that with the increase in the fitment factor, the minimum basic pay of government employees will rise from Rs 18,000 to Rs 26,000.
In March, the latest revision in DA resulted in a 4% increase, which became effective from January 1, 2023. Following this hike, the DA for central government employees reached 42%. According to reports, if the government decides to raise the DA by 4% once again, the DA is expected to rise to 46%.
For the unversed, The DA, which is provided to employees and pensioners to compensate them for rising prices, is revised twice a year – in January and July. Meanwhile, the current common fitment factor is 2.57, implying that if an employee receives a basic pay of Rs 15,500 with a 4200 Grade Pay, their total pay will amount to Rs 15,500 multiplied by 2.57, resulting in Rs 39,835. It’s worth noting that the 6th CPC had proposed a fitment ratio of 1.86.
Multiple state governments over the past six months have already hiked DA and/or Dearness Relief (DR) for state government employees as well as pensioners in response to rising costs. States like Uttar Pradesh, Karnataka, Tamil Nadu and Haryana, among others, raised pay factors for their employees and pensioners.
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