The government may consider a revision of the fitment factor. Since elections are due in 2024, the fitment factor may be implemented from 2026. However, an official confirmation is awaited.
Central Employee Salary Hike: There is good news for central employees and pensioners. Lakhs of central employees can get great news before the upcoming elections. It is reported that before the upcoming elections, the rates of fitment factor may be revised once again, it can be increased to 3.00 or 3.68 percent, after which the minimum salary will be Rs.26000. More than 52 lakh employees will get its benefit. Although the official confirmation is yet to be done, till now no statement has come from the government in this regard.
According to media reports, before the upcoming elections, the Modi government may take a decision on increasing the fitment factor. At present the fitment factor of central employees is 2.57 and salary is being given on this basis under the 7th pay scale. But the employees’ union has been demanding to increase it for a long time, in such a situation, there is a possibility that the government may consider the revision of the fitment factor. Since elections are due in 2024, the fitment factor can be implemented from 2026. However Official confirmation is awaited.
Salary will increase two and a half times
Actually, the fitment factor plays an important role in deciding the salary of central employees and this will increase the salary by two and a half times. For example, if the basic salary of an employee is Rs 18,000, then his salary excluding allowances will be 18,000 X 2.57 = Rs 46,260. On being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. there will be a profit of Rs 49,420 in salary. Salary will be 21000 X 3 = Rs 63,000 after 3 times. The same basic salary of 15500 can be increased to Rs 39835. It was last increased in 2016 and from this year 7th pay commission was also implemented and the minimum salary of the employees The salary went straight from Rs 6000 to Rs 18,000.
Update on 18 Months DA Arrears
Before the upcoming elections, the stir has once again intensified regarding the outstanding DA arrears of 18 months (from January 2020 to June 2021). Senior member of ‘National Joint Council of Action’ (NJCA) and General Secretary of All India Defense Employees Federation (AIDEF) C. Sreekumar has again written a letter to the Central Government. He says that now OPS will also fight for payment of DA/DR for 18 months along with the demand for reinstatement. The National Council of Staff Side’ (JCM) has written to the Cabinet Secretary for payment of DA arrears of 18 months. A report has also been given to the Ministry of Finance. In this regard, the central government has also referred to the decision of the Supreme Court.
4 percent DA increase in July
If media reports are to be believed then in July the dearness allowance of the employees may once again increase by up to 4%. This has been estimated from the data of AICPI index till March. Since the index number till March has reached 132.7, there are indications of a 4 per cent DA increase in July. This will be the second hike of the year. However, the figures from April to June are yet to come. The April figures will be released on May 28, after which it will be decided by what percentage the DA of employees-pensioners will increase in July 2023.
DA can be up to 46 percent
According to media reports, if there is a big increase in the figures of AICPI index from January to July, then the total dearness allowance at 4 percent will be 46 percent. The new rates may come into effect from July 1, 2023, and may be announced around Rakshabandhan or Diwali, although it has not yet been officially confirmed that how much DA will increase and when it will be announced. At present, central employees are getting the benefit of 42 percent DA, which will be applicable from January 1 to June 1, 2023. Its benefits are being given to 48 lakh employees and 69 lakh pensioners.