7th Pay Commission: There is very important news for central employees. The Central Government is preparing to bring a new formula regarding the salary of the employees who are taking advantage of the Seventh Pay Commission. In July 2016, the then Finance Minister Arun Jaitley had also indicated about this.
New Delhi: 7th Pay Commission: There is very important news for central employees. The Central Government is preparing to bring a new formula regarding the salary of the employees who are taking advantage of the Seventh Pay Commission. In July 2016, the then Finance Minister Arun Jaitley had also indicated about this.
Preparations to increase salary on the basis of performance
Then he had said in Parliament that employees should think beyond the Pay Commission. According to media reports, now the new pay commission will not come regarding the salary hike of central employees. The government is preparing to increase the salary of the employees on the basis of their performance.
According to media reports, the government is preparing such a formula for central employees and pensioners, in which the salary will automatically increase if there is more than 50 percent dearness allowance. It can be named as Automatic Pay Revision System.
Employees are waiting for the decision of the government
According to media reports, the way the inflation rate is increasing at present, the employees also believe that it is difficult to meet their expenses from the system that has been going on since 2016. Now a decision is awaited from the government regarding this.
It has also been claimed in media reports that this year the government is not going to increase the fitment factor of central employees . It is difficult to implement due to the circumstances arising after the Corona epidemic.
It is the intention of the government that the salary should keep increasing from time to time.
It is being said in the media reports that after the new formula regarding salary increase, a decision will be taken on the fitment factor. The picture about what the new formula will be like will be completely clear only when the government announces it. But, it is being claimed in media reports that the government intends that the new formula should be in such a way that the salary of the employees keeps increasing from time to time.
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
