After getting approval from the Cabinet, ‘DA’ of central employees will increase from 42% to 45%. Since it will be implemented from July 1, 2023, employees-pensioners will also get arrears for 3 months July, August, September.
Central Employee DA Hike/Fitment Factor 2023: There is good news for central employees and pensioners. Employees and pensioners may get good news before Diwali. It is reported that before Navratri, the Modi government at the Center may announce new rates of DA and DR for employees and pensioners.
Since the DA increase was announced in September last year itself, it is being speculated that this time also the new DA may be announced by the end of September. The fitment factor may also be considered before the upcoming elections. If this happens, the employees will get double gift and there will be a bumper increase in the salary also.
3% DA increase possible
Actually, the Central Government revises the rates of dearness allowance and dearness relief of central employees twice a year in January and July, which depends on the half yearly data of AICPI index. The rates for January have been revised and now the new rates for July 2023 are to be released.
According to the AICPI index data from January to June 2023, DA is set to increase by 3 percent, after which DA will increase to 45%. However, the final decision has to be taken by the Modi government at the Centre. There is a possibility that a proposal for DA increase may come in the next cabinet meeting, although no official confirmation has been made yet.
How much will the salary increase?
If the latest media reports are to be believed, after getting the approval from the Cabinet, ‘DA’ of central employees will increase from 42% to 45%. Since it will be implemented from July 1, 2023, employees-pensioners will also get arrears for 3 months July, August, September. Its benefit will be available to 47.58 lakh employees and about 69.76 lakh pensioners.
For example, if the basic pay of an employee is Rs 18,000 and he currently gets dearness allowance at the rate of 42 per cent, then it comes to Rs 7,560, which will increase to Rs 8,100 at 45 per cent. This means that the salary received by the employees will directly increase by Rs 540, while the maximum basic pay of Rs 56,900 will increase to Rs 25,605.
2.5 times increase in minimum basic salary may also be considered
- If media reports are to be believed, central employees may also get the gift of increase in fitment factor in the election year. Employees may see an increase of two and a half times in salary. Since at present the fitment factor of the employees is 2.57 percent and they have been demanding for a long time to increase it to 3.00 percent or 3.68 percent, there is a possibility that keeping in mind the upcoming Lok Sabha elections, the Modi government will consider the fitment factor of the employees. Can.
- Lok Sabha elections are to be held in 2024, so a consensus can be reached on implementing it from 2026. However, official confirmation has not been made yet. Earlier, the government had increased the fitment factor in 2016 and from the same year the 7th pay commission was also implemented and the minimum salary of the employees increased from Rs 6000 to Rs 18,000 and now if it increases then the basic salary will become Rs 26000.
- In other words, if the rates of fitment factor are revised, the salary of the employees will increase by two and a half times. For example. If the basic salary of the employee is Rs 18,000, then excluding allowances his salary will be Rs 18,000 X 2.57 = Rs 46,260. When it is 3.68, the salary will be Rs 95,680 (26000 With 3 times fitment factor, the salary will be Rs 21000 X 3 = Rs 63,000.
