Union Budget 2023: Government employees kept their ranks ready! Bumper gift in budget – Expectations of Union Budget 2023 Finance Minister Nirmala Sitharaman announced fitment factor pay hike 8th Pay Commission

Union Budget 2023: Big announcements can be made in the budget for government employees, what can be the benefits

Union Budget 2023: Government employees kept their ranks ready!  Bumper gift can be found in the budget

a great gift

New Delhi : country’s central budget (Union Budget 2023) Only one week left to submit. Union Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) There is a possibility of a big announcement for government employees in the budget. Lok Sabha elections will be held next year i.e. in 2024. Its exercise will be seen in this budget. This is the last full budget of the second phase of the Modi government. So government employees (Government employee) Efforts can be made to remove resentment in this budget. The matter of salary hike of the employees can get complicated. fitment factor in budget 2023 (fitment factor) The route is likely to be resolved. Although the central government is unhappy with the 8th Pay Commission, but the employees can be satisfied by finding a middle ground.

Government employees should keep their ranks ready on 1st February. Because the decision of increment in this budget can be guaranteed. Experts speculate that this decision may be due to the pressure of employee unions and the elections to be held next year. If this decision is taken then the mouth of the employees will be sweet.

The employees have been demanding wage revision for several days. The central government has held several rounds of talks with the employee unions regarding this. Therefore, the decision to increase the fitment factor can be taken under the 7th Pay Commission. If the decision is taken then the employees will get the strength to face the inflation.

Currently the fitment factor is 2.57 per cent. Let us understand this with an example. 15,500 is the minimum wage for a person. So his total salary will be 15,500*2.57 i.e. Rs 39,835. The 6th CPC has recommended a fitment ratio of 1.86 per cent.

There is a demand to increase the employee fitment factor to 3.68 percent. With this, the salary of central employees will increase from Rs 18,000 to Rs 26,000. Employees unions have been demanding increase in fitment factor for the last few years. There has been a demand for an increase in basic pay along with dearness allowance.

The employees have raised the demand for the Eighth Pay Commission. The central government has already rung the bell of rejection of the next pay commission. But, a middle way can be found to give relief to the employees. With this decision, the demand of salary hike of the employees working in junior posts can be resolved. There are a large number of junior level employees in the country, they will get the benefit of this.

Central Government House Construction Allowance for construction, maintenance and repair of house to government employees (HBA) It is an advance of sorts. This benefits the employees. For this, the central government charges 7.1 percent interest. This interest rate is likely to come down. According to experts, this interest rate has increased and will remain at 7.5 percent.

finance ministry with house rent allowance for central employees (HRA) Several changes have been made in the relevant rules. According to this, in some cases, central employees will not get HRA. If an employee gives the government accommodation to someone else, then he will not get the benefit of the rules.

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