7th Pay Commission: Let us tell you that this budget will make big announcements for central employees. The Finance Minister has already said. There will be no important announcement in the budget, know the complete details.

7th Pay Commission, For your information, let us tell you that the number of government central employees can be increased in the Modi government budget. If the Finance Minister accepts the demands of government employees in the budget, then their salaries will increase. Central employees have been wanting to increase the fitment factor for a long time.

The salary of employees is determined only on the fitment factor. The salary of central employees will automatically increase if the fitment factor increases. Therefore, central employees are hoping to increase the fitment factor in the budget.

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budget 2024 special

After the Lok Sabha elections across the country, Union Finance Minister Nirmala Sitharaman will present the final budget for the second term of the Modi government. Thus, the government will present the interim budget on 1 February 2024. Before that, Lok Sabha elections will be held in the country and the elected government will present the entire budget of the country.

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In such a situation, the interim budget presented before the budget can be important. This budget will be full of big announcements for central employees. The Finance Minister has already said. That there will be no important announcement in the budget. Despite this, the employees are very optimistic about the Finance Minister.

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What is fitment factor?

At present the fitment factor of central employees is 2.57 percent. This means this. Suppose a person gets a basic salary of Rs 15,500 on grade pay 4200. So his total salary divided by Rs 15,500 would be Rs 2.57, or Rs 39,835. The 6th CPC had increased the fitment ratio to 1.86. According to reports, the employees are now demanding the government to increase the fitment factor to 3.68. The minimum wage will increase from Rs 18,000 to Rs 26,000 with this increase. About 48 lakh central government employees will benefit from this.

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Fitment factor may increase?

Now it has to be seen whether the government increases the fitment factor in the budget. Or not. The salary of government employees is determined on the fitment factor. Modi government has promised to increase the salary of central employees in the budget. The minimum salary can be Rs 18,000 to Rs 26,000. If this happens. So there may be a significant increase in the salary and allowances of employees.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: January 07, 2024

Posted By Sunil

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