To increase the salary of the employees, the government implements the Pay Commission at a fixed time interval. At present, the salary is being paid to the employees under the 7th Pay Commission,
but it is believed that now no new pay commission will come. Instead, the Modi government will bring a new formula to increase the salary, which will be based on the performance of the employees.
New Delhi. To increase the salary of government employees, till now the government used to implement a new pay commission at some time interval, on the basis of whose recommendations the salary was increased. But, instead of implementing the new pay commission, the Modi government is now preparing to bring another formula to increase the salary.
Till now, apart from the salary increase, the 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 the new pay commission will not come for the employees, but 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 the future.
6 years ago there was talk on the new formula
Instead of pay commission, there was talk about the implementation of a new formula to increase the salary only 6 years ago. The then Finance Minister Arun Jaitley had said in Parliament that now there is a need to think beyond the Pay Commission for the employees. It is believed that the government is now preparing to implement this idea.
This may be the new formula
The new formula for increasing the salary of 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 employees of the Center and about 52 lakh pensioners.
Big advantage for small scale employees
Small scale employees will get the maximum benefit of this formula of the government. 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 salary of the employees of Level Matrix 1 to 5 will be Rs 21 thousand.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
