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7th Pay Commission: Salary Of Govt Employees To Increase Soon, Announcement Likely- Details Here
7th Pay Commission: The Central government employees who are waiting for their salary hike, here’s a big update for you. They are likely to get a hike in salary, Dearness Allowance (DA), and Dearness Relief (DR) under the 7th Central Pay Commission (CPC). In this regard, the Centre is expected to make the announcement after Holi as it would revise the fitment factor in March 2023, according to a report by Economic Times. J&K Bank Issues Important Notice For Costumers – Check Here
The ET report suggested that the Centre is planning to revise the DA and fitment factor after March 8. Currently, the common fitment factor is at 2.57%, which means an employee who receives Rs 15,500 in 4200 Grade Pay, would get a total pay of Rs 39, 835, by multiplying (Rs 15,500 x 2.57) as per 6th Central Pay Commission.
Earlier, the 6th pay commission had recommended the fitment ratio at 1.86 %, while the 7th CPC recommended 2.57%, at which the Central government employees are being paid at present. The central government employees, however, now demand that the fitment factor should be hiked to 3.68. If their demand is accepted, then this would lead to a minimum wage of Rs 18,000 being increased to Rs 26,000. Govt Increased LPG Cooking & Commercial Gas Cylinders Price – Check New Rates In Your City
7th Pay Commission: Karnataka Govt Employees Withdraw Protest After CM Bommai Announces 17% Salary Hike
The government employees of Karnataka on Wednesday withdrew their protest on Wednesday after the state government announced a 17% hike in salary. Chief Minister Bommai announced the pay hike from April 1. CM Bommai said that his government will constitute a committee to submit a report on the possibilities of reintroducing the Old Pension Scheme(OPS).
(Agencies)
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( With inputs from : kashmirnews.in )
