7th Pay Commission: Government employees to get New Year Bonanza soon; govt planning to HIKE THESE allowance

Today is the 23rd day of the first month of the New Year. Along with the start of 2023, government employees have high hopes for this year. Continue reading to know about what the government is planning in response to the employee unions' demands.

As you know, in accordance with AICPI data the Dearness Allowance of government employees hikes twice a year, once in January and the other in July. According to the inflation graph, it appears that central employees' dearness allowance (DA Hike) may grow by up to 3 percent in the ongoing year.

The DA arrear of employees from January 2020 to June 2021 is not issued by the government yet. As the unions of employees are continuously demanding to issue the arrear, the government may take some decision on pending arrears of 18 months.

For a long time, employees are raising their concern to increase fitment factor but earlier the reports suggest that the government may give this as New Year bonanza.Now the latest leaks suggest that the government is planning to increase after Budget 2023. The current rate of fitment factor is about 2.6 percent and employees are demanding to hike it to 3.7 percent. If the government do as per the demands of the staffs then there will be a big rise in the salary of personnel. Let us understand with a proper example. According to experts, after hike, the basic pay will goes to Rs 26,000 from Rs 18,000. For the unversed, the government increased fitmwent factor last time in 2016.