Good news for government employees, this decision of the central government will increase the salary
About 48 lakh employees will benefit from increasing the fitment factor in the central government's formula for calculating basic salary. The increase in their basic salary will also increase their allowances. The government wants to announce it before the next 2024 elections. So that the employees can get benefits before the elections.
On 1 February 2024, Finance Minister Nirmala Sitharaman will present the last budget of the second term of the Modi government. Lok Sabha elections will be held after the interim budget. So the government can make big advertisements to attract the employed salaried people. Government employees have been demanding to increase the fitment factor for a long time. So if this increases, the basic salary of the employees will increase.
Salary is decided on the basis of fitment factor
Government employees hope that the government will announce an increase in the fitment factor in the budget this time. When Nirmala Sitharaman presents the interim budget, government employees are hopeful that the government may announce an increase in the fitment factor. The employee association has been demanding the government to increase the fitment factor for a long time. Salary of government employees is fixed on the basis of fitment factor.
Learn how salary is calculated
At present the fitment factor is 2.57 percent. It means that suppose a person gets a basic salary of Rs 15,500 in 4200 grade pay, his total salary will be Rs 15,500 × 2.57 = Rs 39,835. The employees' association is demanding to increase the fitment factor to 3.68. After this increase, the minimum wage will increase from Rs 18,000 to Rs 26,000.
48 lakh government employees will benefit
About 48 lakh employees will benefit from increasing the fitment factor in the central government's formula for calculating basic salary. The increase in their basic salary will also increase their allowances. The government wants to announce it before the next 2024 elections. So that the government employees can get benefits before the elections.
સરકારી કર્મચારીઓ માટે ખુશખબર, કેન્દ્ર સરકારના આ નિર્ણયથી પગારમાં થશે વધારો
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