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Home FINANCE 7th Pay Commission: Big news for government employees, DA hike will be...

7th Pay Commission: Big news for government employees, DA hike will be announced after March 8

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7th Pay Commission Latest Update: The Narendra Modi government at the Center may announce soon about the increase in Dearness Allowance (DA) and Dearness Relief (DR).

According to media reports, the central government is planning to increase DA from the existing rate of 38% to 42% and revise the fitment factor for lakhs of employees after Holi. Holi is on March 8, so it is expected that the government may announce it after Holi.

Salary will increase so much – fitment factor will be revised

If the media reports are correct, then an employee with a salary of Rs 15,500 in 4200 grade pay, as per the 6th Central Pay Commission, multiplying (Rs 15,500 x 2.57) the total salary will be Rs 39,835. At present the common fitment factor is 2.57% and on the basis of this the employees get salary.

Earlier, the 6th CPC had approved the fitment ratio at 1.86%, while the 7th CPC recommended 2.57%, at which the employees are getting their salaries. But now the employees are demanding that the fitment factor be increased to 3.68. If the central government accepts the demand of the employees, then the minimum basic pay of the employees will increase from Rs 18,000 to Rs 26,000.

Government will increase DA

According to media reports, the new salary will be applicable from January 23. Dearness Allowance (DA) and Dearness Relief (DR) of government employees are revised twice in a year. It is considered applicable from 1 January and 1 July. The government can increase DA from 38 percent to 42 percent. That is, there will be a total increase of 4 percent in DA. This will benefit lakhs of government employees.

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