7th Pay Commission: For the past few days, there are reports in the media that the government may soon increase the fitment factor of central employees. But, according to sources, the fitment factor will not increase in the year 2022.
7th Pay Commission: Central government employees are getting the benefit of increased salary under the 7th Pay Commission (7th Pay Commission). Apart from this, the dearness allowance is also increasing continuously. But, the central government may soon bring a new formula to increase the salary for government employees.
Former Finance Minister Arun Jaitley had indicated this in July 2016. During an announcement in Parliament, he had said that now one should think about the employees apart from the Pay Commission.
According to the sources of the Finance Ministry, now the new pay commission will not come for the central government employees. The government is working on it that the salary of the employees should be increased according to their performance linked increment.
Next pay commission will not come
If sources are to be believed, then the next pay commission will not come after the 7th pay commission. According to information received by Zee Business, the government is working in this direction to make such a system for 68 lakh central employees and 52 lakh pensioners in which there will be an automatic increase in salary if DA is more than 50 percent.
This system can be named as ‘Automatic Pay Revision System’. At the same time, the employees also believe that in view of the current inflation rate, it will be difficult for them to survive with the recommendations for salary increase since 2016. However, the matter will have to wait till the final decision comes from the government side.
Fitment factor will not increase
For the past few days, there are reports in the media that the government may soon increase the fitment factor of central employees. But, according to sources, the fitment factor will not increase in the year 2022. At present, the government is not in favor of increasing the fitment factor.
Due to Kovid-19 and inflation, this additional financial burden can worsen the situation. If sources are to be believed, now the fitment factor will also be decided only when a new formula to increase the salary is brought. Before that it is difficult to make any kind of speculation. The government is constantly working on it that such a formula should be made, which will increase the salary from time to time.
Which employees will benefit
According to a finance ministry official, Arun Jaitley wanted that the mid-level employees as well as the low-level employees should get a pay hike. According to the official, given the long-standing trend of income polarization following the
new formula and the shrinking mid-level in central government departments, it seems likely that broad mid-level employees will be able to do so. The level will not see much increase. However, lower level employees may see an advantage in this.
How much will you get?
Central employees with pay level matrix 1 to 5 can have their minimum salary between 21 thousand. The Narendra Modi government is not in favor of the next pay commission. If you see the trend of Pay Commission,
it is implemented every 8-10 years. But, this time it can be changed to implement the new formula in the year 2024. According to government employees, the salary should be about three times. The increase in 7th Pay commission was the least.
