Central government employees are currently getting salary according to the 7th Pay Commission . But, this final pay commission can be brought to increase the salary.
The Central Government is now contemplating to stop the practice of Pay Commission by implementing a new formula for the salaries of the employees. This new formula was introduced by former Finance Minister Arun Jaitley in 2016, but after his death it went into cold storage.
To increase the salary of the employees, the Central Government can do something new instead of the Pay Commission. There is a possibility that the government will not bring the Eighth Pay Commission. Now the salary of employees can increase according to their performance (performance linked increment). The government is now considering the advantages and disadvantages of the new formula and the process to implement it. According to media reports, sources in the Finance Ministry said that now there will be no new pay commission for central government employees .
Former Finance Minister Arun Jaitley’s Idea
Instead of Pay Commission , the idea of increasing the salary of the employees is to increase the salary on the basis of their performance by former Finance Minister Arun Jaitley. Pointing to this in July 2016, Jaitley had said that we should now think of employees beyond the pay commission.
Salary can be fixed in this way
The government is working in this direction that such a formula should be made for 68 lakh central employees and 52 lakh pensioners, in which the salary will automatically increase if there is 50 percent DA. This process may be automatically named as Pay Revision. However, the government is yet to take a final call on scrapping the pay commission and implementing the new formula and the issue is still at the deliberation stage.
it will benefit
Former Finance Minister Arun Jaitley wanted a decent hike in the salaries of middle level employees as well as low level employees. However, its formula has not yet been formulated. But, if the new formula is applicable, then the basic salary of a central employee of Level Matrix 1 to 5 level can be at least 21 thousand.
5% DA may increase from July 1
There is a great news for lakhs of central government employees and pensioners. They are expected to get relief from rising inflation in the country. According to media reports, the government can increase dearness allowance ( DA hike ) by 5 percent from July 1.
DA may increase from 34 percent to 39 percent
Actually, there was a jump in the AICPI index in March 2022, after which it is expected that the government may increase the dearness allowance (DA) by 5 percent, not 3 percent. If this happens, then the DA of the employees will increase by 34 percent to 39 percent. If this happens, then the salary of central employees can increase by more than 27 thousand.
AICPI index came up
There has been a decline in the AICPI index for the months of January and February this year. It rose to 125.1 in January, 125 in February and 126 in March. According to the data of April, the AICPI index has come down to 127.7. There has been an increase of 1.35 percent, that is, now if the figures for May and June cross 127, then it can increase by 5 percent .
Salary will increase with 39% DA
If the basic salary of the employees is Rs 56,900, then they will get Rs 22191 DA on getting 39% DA. At present, Rs 19,346 is being received at the rate of 34 percent. An increase of 5% DA will increase the salary by Rs 2,845. In this way, it will increase by about Rs 34,140 annually.
50 lakh employees benefit
The government increases DA twice a year. Earlier this year, the government increased the DA. Now the decision to increase DA by 5 percent is expected to benefit more than 50 lakh employees and 65 lakh pensioners.
