The AICPI data for employees for October, November and December is yet to come. An increase in Dearness Allowance of 4% to the employees may be announced based on the Consumer Price Index. Its benefit will be given to 62 lakh pensioners including 50 lakh employees in 2023. Apart from this, new updates can also come on the fitment factor.
7th Pay Commission Employees DA hike: The central government can give a big gift to its employees at the beginning of next year. In fact, their inflation rate can be increased by 4 percent. After which their dearness allowance may increase to 42%. This decision is to be taken on the data of Consumer Price Index.
DA will be increased by 42 percent
There will be an increase in the salary of central employees. An increase in their dearness allowance will be registered at the beginning of next year. Earlier, in September 2022, the central government had announced an increase in the dearness allowance of the employees. In July 2022, his inflation was increased to 38 years. Now 4 percent increase in the dearness allowance of the employees is being considered as fixed. After which his DA will increase to 42 percent. However, no official confirmation has been made on this yet.
AICPI Index
Earlier last month, there was a decrease in retail and wholesale inflation. Although global inflation is still high, 4% is possible. Talking about this year, in the year 2022, the dearness allowance of the employees has been increased by 7 percent by the government.
7 percent increase in 2022
If we talk about the increase in DA of government employees, then in January 2022, their dearness allowance was increased from 31% to 34%. During this, there was an increase of 3 percent in his dearness allowance. While the DA was increased to 4 percent in July. The AICPI figures for October-November-December are yet to come. The benefit of DA was being given to the employees on their basic salary. With this step of the government, 62 lakh pensioners including 50 lakh employees got huge benefits.
Possible to consider on fitment factor next year
Apart from this, along with increasing the dearness allowance, the fitment factor can also be made after next year. According to the information, an increase of up to Rs 8000 can be seen in the salary of the employees. Although its official confirmation is yet to be done. Increase in fitment factor will increase the basic salary of government employees. Under the Seventh Pay Commission, Rs 18000 is being made available as the minimum wage. If sources are to be believed, the fitment factor of central employees can be considered in the budget 2023.
