7th Pay Commission Salary Hike : Demand for increase in fitment factor by central employees is still going on. According to the 7th pay commission, fitment factor of 2.57 times the salary is given to the central employees.
Due to which the salary of the employees increases. Now there is a demand by the employees to increase it from 2.57 to 3.68. No statement has been given by the Central Government in this regard so far. But everyone’s wait is on the financial budget to be presented in the month of February.
The financial budget for the session 2023 and 24 will be presented in February 2023 by Finance Minister Nirmala Sitharaman. Within this budget, provisions related to the salary of the employees are also included. The hope of central employees rests on this annual financial budget.
Financial budget will be presented in February
Every year in the month of February the financial budget for the session is presented by the Finance Minister. This year also in February 2023, the budget for 2023 and 24 will be presented by Finance Minister Nirmala Sitharaman . In this budget, the government will tell in which part or in which sector how much money the government will invest. Within this, the details of the salary given to the employees are also there.
After the Seventh Pay Commission, the government has not introduced any new rule related to the increase in salary. Due to this, in view of the inflation, the central employees have demanded an increase in the fitment factor given to them. That’s why the employees hope that the government will take care of its employees in this new budget and will increase their salary. However, now we have to wait for the financial budget. Because the government has not given any decision on this.
Salary will increase with fitment factor
Let us tell you that according to the Fitment Factor , the employees are given 2.57 times more salary than their basic pay. Due to which their salary increases immediately. Under the Seventh Pay Commission, which came in the year 2016, this fitment factor for central employees was fixed at 2.57. Since then all central employees are being paid 2.57 times of their basic pay. Now there is a demand by the employees to increase it to 3.68. This will increase the salary of the employees immediately.
If a person is getting ₹ 18000 salary, then after 3.68 fitment factor, his salary will be ₹ 26000 . In this way, if the government asks for this demand, then the central employees can get the gift of increase in salary by the government. That is why the eyes of all the employees are fixed on the financial budget to be presented in February.
Salary may increase before elections
Many people believe that in order to successfully win the 2024 elections, the government should fulfill the demand of central employees in the budget to be presented this year. So that this will make it easier for them to win the 2024 elections. However, no expert and government has commented on this.
People only believe that the government can make many such provisions in the budget to be presented in February 2023, so that financial assistance will be given to solve the problems that have been happening for the last few years. In this, the issue of salary of central employees is also coming to the fore.
In fact, after the budget to be presented in the year 2023, the government will be engaged in the 2024 elections. Because the Lok Sabha elections will be completed before the budget of 2024. That’s why this will be the last budget of the government’s 5-year tenure.
The Seventh Central Pay Commission, in its recommendation, had increased the minimum monthly salary from ₹ 7000 to ₹ 18000. Along with this, the maximum salary was increased from ₹ 90000 to ₹ 2.5 lakh. The commission had also recommended to improve dearness allowance, DA, TA and other facilities to the employees.
In this, the fitment factor was increased to 2.57 times. Due to which there was a sudden increase in salary. If the government increases the fitment factor again, then again there will be a sudden increase in the salary of central employees. Due to which the minimum salary can increase from 18000 to ₹ 26000 per month.
