Budget 2024 : Now about five days are left for the presentation of India’s Budget 2024. Finance Minister Nirmala Sitharaman will present the first budget of the third term of the Modi government.
Nirmala Sitharaman will present the budget on 23 July 2024 at 11 am. Government employees have special expectations from the budget. Government employees will now have to see whether the government will make an announcement in Budget 2024 regarding increasing the fitment factor, bringing the 8th Pay Commission and DA arrears of 18 months or not?
Fitment Factor
While presenting the budget, Finance Minister Nirmala Sitharaman can announce a salary hike for central employees. Government employees have been demanding salary revision for a long time. Discussions have been held several times with the government employees’ association in this matter. If the government decides to increase the fitment factor in the budget, the minimum basic salary of employees will increase from Rs 18,000 to Rs 26,000.
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Will it make an announcement regarding the 8th Pay Commission?
The government has received a proposal from employee organizations to bring the 8th Pay Commission. It is believed that the government can accept it. If this happens, the government can announce it in the budget. If the government does this, the salary of government employees working on small posts will also increase.
18 months DA arrears?
The central government used to increase the DA of central employees twice a year in January and July, but during the time of Covid, the government did not increase any dearness allowance from January 2020 to June 2021. After this, the government directly increased the dearness allowance by 11 percent on July 1, 2021. Nothing was said about the DA which was not increased three times before that.
However, then the dearness allowance was 17 percent, which was increased by 11 percent to 28 percent. Since then, central employees are expecting to get this 18 months’ DA arrears from the government. However, the government has said many times that it has no intention of giving the pending arrears of 18 months.
