Union Budget 2023 7th Pay Commission latest update: Good days of central employees are about to come. He can get a special gift in the budget to be presented on February 1. There is a possibility of a big announcement related to his salary.
Finance Minister Nirmala Sitharaman can make a new announcement in this budget to increase the salary of the employees. According to the information received from the sources, it has been almost 8 years since the Seventh Pay Commission was implemented. In such a situation, there are hopes of getting a lot in the budget to woo them. The question is whether the 7th Pay Commission will end? Or will the formation of a new pay commission be announced? Or can a new formula be invented?
7th Pay Commission will end!
This year or the next year both are special from the point of view of central employees. This year, something special can come out of the budget for them. At the same time, the general elections of the country are to be held next year. In such a situation, the government will leave no stone unturned to woo them.
Experts believe that the government will make an announcement to increase the salary of central employees in the full budget before the 2024 elections. It has been almost 8 years since the 7th Pay Commission was implemented and the year 2024 is the time for the new Pay Commission to be constituted. But, the government does not want this.
She wants to abolish the Pay Commission and create a new system for the employees. With this, the basic pay structure of the employees can be revised every year. In such a situation, a new formula can be announced to increase the salary in the budget.
Will the next pay commission come after the 7th pay commission?
There is discussion in the corridors of the organization that the government will have to bring the next pay commission. Because, in the 7th Pay Commission, the employees got very less salary hike. In such a situation, it is very important to revise his salary. But, the government has made it clear that at present they do not have any proposal regarding the formation of a new pay commission.
This gesture is in some other direction. The intention of the government is to give good increment to the government employees on the lines of private employees. If sources are to be believed, a committee of the government is considering this. In such a situation, it is being argued that the government can make any announcement related to this in the budget.
Salary will increase every year instead of 10 years
For the last several decades, the Pay Commission has been formed for the central employees. In this, according to the recommendations, their basic salary was increased on the basis of fitment factor. But, while implementing the 7th Pay Commission, the government made its intention clear. The then Finance Minister Arun Jaitley believed that there was discrimination against the employees.
The officer class gets a lot of benefit in salary revision. At the same time, the hands of low level employees do not feel anything. The minimum salary was increased in the 7th Pay Commission. Let us tell you, on the basis of fitment factor, revision is done in basic salary i.e. minimum salary. That’s why Arun Jaitley argued that now instead of 10 years, the benefit of salary increment should be given to the employees every year.
Dearness allowance is a big advantage
Under the 7th Pay Commission, employees get many big benefits in the salary component. The most important and big role in this is that of dearness allowance. Dearness allowance is revised every 6 months. For the last several years, good salary has increased every time in the review of dearness allowance.
That’s why the government will keep the dearness allowance applicable even after making a new system. It is certain that the dearness allowance will continue to be revised in the same way as it has been happening now. Now the employees are waiting for the budget. It will be clear only after the budget that how much and how his salary will be increased.
