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New salary formula: Government is working on this new salary formula, there will be no increase in fitment factor in the year 2022, know details

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Central government employees are getting the benefit of increased salary under the Seventh Pay Commission. Apart from this, now their dearness allowance may also increase. On the other hand, the central government can soon bring a new formula to increase the salary of government employees.


Will there be an increase in the salary of employees under the 7th Pay Commission?

Let us tell you that former Finance Minister Arun Jaitley had also indicated about this in July 2016. During an announcement in Parliament, he had said that now the employees will have to think about the employees apart from the pay commission. Now new pay commission will not come for central government employees. The government is working on some such formula, so that the salary of the employees will be increased according to their performance.

The government is working on such a plan so that such a system should be made for 68 lakh central employees and 52 lakh pensioners, in which there will be an automatic increase in salary if DA is more than 50 percent. Explain that this system can also be named as Automatic Pay Revision System. At the same time, the employees say that in view of the current inflation rate, it has become difficult for them to survive due to the recommendations for wage increase since 2016, no decision has been taken by the government in this matter. Employees will have to wait a little longer.

A lot of such news is coming out from the last days, in which it is being told that soon there may be an increase in the fitment factor of central employees, according to sources, the fitment factor will not increase in the year 2022, the government is absolutely in favor of increasing it. Neither is. The fitment factor can be decided only when a new formula to increase the salary will be brought. The government is constantly working on it that such a formula should be made, which will increase the salary of the employees from time to time.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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