After the budget to be presented in the beginning of the year 2023, the Modi government can make some big announcement. Next year the employees are expected to get three gifts. This includes the decision of DA arrears and fitment factor of 18 months frozen during the Corona period along with the increase in DA in January.
New Delhi. The new year is going to bring many gifts for the government employees. In January, the Modi government can take three big decisions, which will have a direct impact on crores of employees. According to media reports, the Modi government has to take three major decisions in the beginning of the year 2023, due to which there will be a bumper increase in the salary of the employees.
The Modi government increases DA-DR (dearness allowance) every six months and this time it has to be changed again in January. It is being speculated that this time there may be an increase of 5 percent in DA. If this happens, then the dearness allowance of the employees will increase to 43 percent, which is now 38 percent. The Modi government had also increased the dearness allowance by 4 percent in July last. Apart from this, the government has to decide on the fitment factor as well. Along with this, a decision can also be taken to release the arrears of DA of 18 months which were frozen during the Corona period.
DA arrears will fetch big money
During the Corona period, the Modi government had frozen the DA of the employees from January 2020 to June 2021 i.e. for 18 months. That is, there was no increase in the DA of the employees during this period. However, later the DA was increased by 11 per cent outright, but the arrears of the freeze period were not given to the employees. If the Modi government decides on this arrear, then it will be a big gift on the new year. Due to this, thousands of rupees will be paid in lump sum to the employees. However, the DA arrears will be decided on the pay band and salary structure of the employees.
What will be the benefit of fitment factor
According to media reports, the government is no longer in favor of making the 8th Pay Commission. In lieu of this, a new fitment factor can be applied. At present, according to the fitment factor, the minimum basic salary of central employees is Rs 18,000, which will increase to Rs 26,000. Right now the fitment factor of central employees is 2.57 times, which is being demanded to be increased to 3.68 times. If it is approved then there will be a bumper increase in the salary of the employees.
What is the math of fitment factor
According to the existing fitment factor, if the basic pay of an employee is Rs 18,000, then excluding allowances, his salary is 18,000 times 2.57 i.e. Rs 46,260. If the demands of the employees are accepted, then the minimum basic pay of these employees will be Rs 26 thousand and the fitment factor will be 3.68 times. Now, excluding allowances, the salary of these employees will increase to Rs 95,680 per month.
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