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7th Pay Commission Update: With the beginning of the year 2023, the expectations of central employees have also got wings. There is a possibility that after presenting the budget, the central government may decide to increase the fitment factor in March. If this happens, then there can be a huge increase in the salary of central employees.
New Year 2023 has started and with its beginning, a big update has also come for the Central Govt Employees. Under this, a bumper increase in the salary of the employees can be seen soon. Earlier it was expected that by the end of the year, the government could take a decision on this and give New Year’s gift to the employees, but this could not happen. Now the central government employees are hopeful that the government may soon announce the revision of the Fitment Factor.
Employees have been demanding for a long time
If reports are to be believed, several rounds of meetings have been held regarding this long-standing demand of the employees. There has been a lot of discussion regarding the increase in the fitment factor. According to the news, the government may announce the increase in this factor in March 2023. If this happens, then there will be a huge increase in the salary of central employees and this will prove to be the biggest gift of the new year for them.
Can be announced after the budget!
In fact, the expectation of an increase in the fitment factor in March is being expressed because at this time the entire focus of the government is on the upcoming budget (Budget 2023). Although no official comment has been made by the government regarding this or the meetings held for it, but according to the news, it is possible to make a big announcement on the demand of central personnel immediately after the budget. Due to the increase in the fitment factor, more money will come in the account of the employees.
Right now the fitment factor is
Significantly, the Fitment Factor has an important role in the salary received by the central employees. His salary is fixed on the basis of his basic salary and fitment factor, apart from the allowances of the employee. At present, it is being given 2.57 times from the year 2016, but central employees are demanding to increase it to 3.68 times.
How much can the salary increase?
If the government considers this demand, then the employees will get huge benefits. The last time when the fitment factor was increased, the minimum salary of the employees went straight from Rs 6000 to Rs 18,000. On the other hand, if the government increases it once again, then the minimum salary of the employees will increase from Rs 18,000 to Rs 26,000.