7th Pay Commission: Big update on the fitment factor of employees, there will be a big increase in DA on this day

7th Pay commission Latest News: If you are a central government employee or there is a central employee in your family, then this news will make you happy. The government is considering increasing the dearness allowance (DA Hike) of central employees before Holi in the new year. Let us know about it in detail.

Dearness allowance is announced twice a year by the government in January and July. This time there is a preparation to increase Dearness Allowance by 4 percent in January.

Currently, a 38 percent dearness allowance is available

At present, the dearness allowance of central employees and pensioners is 38 percent. Which will increase to 42 percent with an increase of 4 percent in the coming days. However, the DA hike for January will be announced in March.

It is expected that a consensus will be reached on this in the cabinet meeting to be held in the first week of March. Apart from this, there is a possibility of discussion on the fitment factor of the employees in the new year.

Demand to revise the fitment factor

There has been a demand from the central employees to revise the fitment factor for a long time. It is expected that the government is preparing to make a separate program for the salary hike for the employees.

Sources say that the government is preparing to prepare the draft before the 2024 Lok Sabha elections. In this draft, there can be a talk on the revision of the fitment factor.

Preparation to increase the money of employees

The revision of the fitment factor is done on the formation of the Pay Commission. But, this time instead of the Pay Commission, the government is preparing to increase the money of the employees in some other way. Maybe the government should make a formula for automatic pay revision for this.

The government also believes that salary increments should be given only on the DA formula for salary revision. That is, along with DA Hike, his salary kept on increasing.

Sources claim that the employees will get the dearness allowance for January just before Holi. An announcement on this is possible at the cabinet meeting to be held on March 1, 2023.

1st March is Wednesday and the next Wednesday is 8th March. But due to Holi on this day, the government will already give the gift of a DA hike to the employees. An increase of 4 percent in DA hike is possible.