7th Pay Commission’s news: The Prime Minister Narendra Modi-led government at the Centre is anticipated to revise the fitment factor in March, which means that Central government employees are likely to receive good news following Holi. After the fitment factor is increased, it is anticipated that the minimum salary for central government employees will increase to Rs 26,000 from Rs 18,000.
According to some reports, the Centre intends to modify the fitment factor and dearness allowance (DA) following Holi (March 8). At the moment, the common fitment factor is 2.57%. This indicates that if you receive Rs 15,500 in 4200 Grade Pay as your basic pay, your total pay will be Rs 15,500 divided by 2.57, or Rs 39,835. The 6th CPC recommended a fitment ratio of 1.86.
Now, employees of the Central Government are calling for the fitment factor to be increased to 3.68. The current minimum wage of Rs 18,000 will be raised to Rs 26,000 if this occurs.
As previously reported, Central government employees would see an increase in their dearness allowance (DA) beginning on January 1, 2023, in accordance with the 7th Pay Commission. Additionally, the Center intends to increase pensioner dearness relief (DR). According to some reports, the 18-month DA arrears would also be paid to Central government employees.
Note that the DA and DR are updated twice annually, on January 1 and July 1. The most recent increase, which was made public in September 2022, increased the DA by 4% to 38%.
The finance ministry updated the house rent allowance (HRA) rules in January, stating that Central government employees will not be eligible for HRA in the following situations:
(i) He or she shares a government apartment with another government employee; or
(ii) he or she lives in a home that his or her parents, son, or daughter have been given by the central government, state government, an autonomous public undertaking, or semi-government organization like a municipality, port trust, nationalized banks, the Life Insurance Corporation of India, etc.;
(iii) His or her spouse has been given housing at the same station by the federal government, state government, autonomous public undertaking, or semi-government organization, such as a municipality, port trust, or other similar organization. whether he or she resides in that residence or in an independent residence he or she rents.
