Salaries Of 50 Lakh Govt Employees Will Increase Under 7th Pay Commission? This Is What We Know
Finally, the piece of good news is here for the Central government employees. The central government might soon increase the fitment factor of employees.
Increase In Minimum Wage And Fitment Factor
Sources suggest that the decision regarding the employees salary hike might be taken soon.
It seems that the demands from the Central government employees unions to increase the minimum wage from Rs 18,000 to Rs 26,000 and increase the fitment factor from 2.57 times to 3.68 times will be fulfilled soon.
Moreover, if the center announces an increase in the fitment factor of central employees, then their salary will increase.
This will also result in an increase in the minimum wage.
Presently, the employees are getting salary under the fitment factor based on 2.57 percent.
After this increase, it will become 3.68 percent.
This will increase the minimum wage of the employees by Rs 8,000.
How Does This Affect The Central Government Employees Salary?
In simple words, the minimum wage of central government employees will be increased from Rs 18,000 to Rs 26,000 after this update.
So, the basic pay of the employees will be Rs 26,000.
As per the current 2.57 fitment factor, if your minimum salary is Rs 18,000, then excluding allowances, you will get Rs 46,260 (18,000 X 2.57 = 46,260).
When the new fitment factor is 3.68 then your salary will be Rs 95,680 (26000X3.68 = 95,680).
Besides this, the central government may also hike the Dearness Allowance (DA) of the employees soon.
The arrears may soon be cleared by the government, as per the media reports.