7th Pay Commission Latest Update: As per the latest reports, the Narendra Modi-led government may make an announcement regarding the DA hike after Holi. Detailed report below.
7th Pay Commission Latest Update: The Narendra Modi-led government is expected to make an announcement regarding Dearness Allowance (DA), and Dearness Relief (DR) hike soon. Reports said that the Centre is planning to revise DA from the current 38% to 42% and the fitment factor for lakhs of employees after Holi, which falls on March 8.
If the reports come true, an employee who receives Rs 15,500 in 4200 Grade Pay would get a total pay of Rs 39, 835, by multiplying (Rs 15,500 x 2.57) as per the 6th Central Pay Commission. For the unversed, the common fitment factor, currently is at 2.57%.
Previously, the 6th CPC had approved a fitment ratio at 1.86 %, while the 7th CPC recommended 2.57%, at which the employees are being paid currently. But now the employees are demanding that the fitment factor should be hiked to 3.68. Once their demand gets a go-ahead from the centre, their minimum wage would be increased to Rs 26,000 from Rs 18,000.
Economic Times reported that the new salary would be effected from January 23. Notably, the dearness allowance (DA) and dearness relief (DR) of government employees are revised twice a year, effective January 1 and July 1.
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