7th pay commission: If you are an employee then this news is for you. Actually, according to a latest update, it is being said that now no pay commission will come. The salary of the employees will be increased by this formula.
In order to increase the salary of government employees, till now the government used to implement new pay commission at some time intervals, 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 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 the future.
There was talk on the new formula 6 years ago-
There was talk 6 years ago on implementing a new formula to increase the salary instead of the Pay Commission. 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 could 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.
There was talk on the new formula 6 years ago-
There was talk 6 years ago on implementing a new formula to increase the salary instead of the Pay Commission. 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 could 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.
Big benefit to small level employees-
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.
