7th Pay Commission: Great news for central employees. According to a recent report, it is being said that now the salary of the employees will increase with the new formula. Let’s go through this update from the government in detail in the news below…
Modi government will no longer increase the salary of government employees based on the recommendation of the Pay Commission, but is preparing to bring another formula for salary hike. Under this formula, there will be performance, not inflation and other parameters.
In order to increase the salary of central and state government employees, till now the government used to implement new pay commissions at some intervals, on the basis of whose recommendations the salary was increased. But, now this will not happen.
Till now, apart from salary hike, central and state employees also get the benefit of increase in dearness allowance every six months. According to media reports, the Finance Ministry is considering a new formula to increase the salary. Sources in the ministry say that now a new pay commission will not come for the employees, rather their salary will be increased according to the performance of the employees. However, the government is still brainstorming on how this formula will work in future.
How will be the new formula-
The new formula to increase the salary of the employees has not been approved yet, but it is believed that it may be completely based on DA. According to sources, under the new formula, as soon as the DA of the employees increases by 50 percent, there will be an automatic increase in their salary. This can be named as automatic pay revision, which will benefit 68 lakh central employees and about 52 lakh pensioners.
Not the officers, but the employees will get big benefit.
The maximum benefit of this formula of the government will be given to the small level employees. However, the formula is yet to be finalised. But, it is believed that after the implementation of the new rule, the salary of low-level employees will increase more. Under this, the minimum basic pay of the employees of Level Matrix 1 to 5 will be Rs 21 thousand.
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