7th Pay Commission latest news: Central employees can once again get good news. Salary is expected to increase this month. The fitment factor of central and state employees can be increased.
New Delhi: 7th Pay Commission Latest News: There is good news once again for the employees (Central government employees). After getting the first dearness allowance, then HRA and TA promotion, now in the new year, they will get the gift of increasing the salary again. Actually, the fitment factor has been fixed to increase.
May increase fitment factor
It is worth noting that earlier in the year 2016, the fitment factor was increased. The 7th Pay Commission was also implemented in the same year. At that time, the minimum salary of the employees was directly increased from Rs 6000 to Rs 18,000. Now the government can increase the salary of central employees (CG employees) again this year. If sources are to be believed, the fitment factor of central and state employees may increase this month. With the increase in fitment, the minimum wages of central employees will once again increase.
What is fitment factor
The fitment factor is the factor that increases the salary of central employees by more than two and a half times. According to the recommendations of the 7th Pay Commission, the salary of central employees is determined by their basic salary and fitment factor in addition to allowances.
Government is considering
In fact, there has been a long-standing demand of central and state government employees that their fitment factor should be increased from 2.57 per cent to 3.68 per cent. It is expected that the fitment factor of central employees can be decided before the budget to be presented on February 1. After this, the minimum salary of the employees will also increase.
Calculation on minimum basic salary
Minimum basic salary = Rs 18,000
Salary excluding allowances = 18,000 X 2.57 = Rs 46,260.
26000X3 = Rs.78000 on 3% basis
Total addition = 78000-46,260 = 31,740
That is, the overall salary of the employees will increase by Rs 31,740. This calculation has been done on the minimum basic salary. The benefit of those with maximum salary will be more.
May be included in the budget draft
The fitment factor of central employees can get approval from the Union Cabinet. After the approval of the cabinet before the budget, it can be included in the expenditure of the budget. But if it gets the approval of the cabinet, then there is no special need to include it in the budget (Budget 2022) draft.
How much will the salary increase
If the fitment factor (Central government employee fitment factor) is approved, then there will be a bumper increase in the salary of the employees. In fact, increasing the fitment factor also increases the minimum wage. At present, employees are getting salary under fitment factor on the basis of 2.57 percent fitment factor. Now the discussion is going on to increase it to 3.68 percent.
Emphasis on increasing the fitment factor by 3 times
The government wants to implement the recommendations of the 7th Pay Commission, but is not in favor of increasing the minimum salary under 7th CPC. The government can increase the fitment factor by 3 times. With the increase of fitment factor, the basic pay of the employees will increase from Rs 18000 to Rs 21000. He also got assurance in the meeting of the employees union with the cabinet secretary. If sources are to be believed, the government is now paying more attention to the fitment factor.