Central government employees are eagerly anticipating a significant boost in their pay starting from July, as their salaries are expected to experience a notable increase. This upward trajectory can be attributed to the implementation of the 7th central pay commission (CPC) in 2016, which resulted in a substantial rise in the minimum wage for employees. Building upon this foundation, another substantial increase in wages is anticipated in the near future.
Regarding the specific figures, recent reports indicate that there is a high likelihood of a 4 percent hike in the dearness allowance (DA) in July of this year. Currently, the DA stands at 38 percent for central government employees, but with the anticipated increase, it will reach 42 percent. This adjustment will bring additional financial relief to the employees and help them cope with the rising cost of living.
In addition to the DA hike, there is also a focus on adjusting the fitment factor, which plays a crucial role in determining the minimum wage for government workers. It is expected that this adjustment will lead to a significant increase in the minimum wage, raising it from the existing Rs 18,000 to Rs 26,000 for central government employees. While no official statement has been released by the government regarding this matter, insider sources indicate that updates on the dearness allowance (DA) and fitment factor are imminent.
Value our content... contribute towards our growth. Even a small contribution a month would be of great help for us.
Since five years, we have been serving the industry through daily news and stories. Our content is free for all and we plan to keep it that way.
Support HRKatha. Pay Here (All it takes is a minute)
