Union Budget 2023 Updates 7th Pay Commission: The General Budget (Union Budget 2023) is going to be presented on 1 February. Government employees can get a special gift in this budget. Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) can make a big announcement on the salary hike of central employees in the budget. This is the last full budget of the Narendra Modi government before the 2024 general elections. In such a situation, it is expected that many announcements can be made to woo the government employees.
New formula to increase salary
Central employees have started getting the benefit of salary components under the Seventh Pay Commission from the Government of India. In this, central employees benefit the most in the form of dearness allowance. The Government of India can soon give some big updates to its employees. A new formula may come to increase his salary.
7th Pay Commission: Will the Modi government bring a new pay commission after the 7th Pay Commission? This is the latest update news of the work of central employees
Even after the arrival of the 7th Pay Commission, there is news of work for the central employees who are complaining about low salary. There was talk that after the 7th Pay Commission, the Modi government will bring the 8th Pay Commission. There is also a question in the mind of most of the government employees that will the Modi government bring the next pay commission to increase the salary? The government has given its stand on this.
8th pay commission will not come
Seven years have passed since the recommendations of the Seventh Pay Commission were implemented. In such a situation, the central employees are waiting for the new pay commission. Here, the Modi government has refused to bring the 8th Pay Commission. But there is a general election next year. In such a situation, the government would not want to anger such a large number of central employees. In such a situation, there is news that instead of the new pay commission, a new formula may come to increase the salary of central employees.
After 7th Pay Commission, is Modi government preparing for 8th Pay Commission? Know the latest updates, the government is engaged in making a new system
Speaking on the Pay Commission, former Finance Minister Late. Arun Jaitley had said in July 2016 that now there should be a new scale to increase the salary of the employees apart from the Pay Commission. In such a situation, the government is no longer in favor of bringing a new pay commission for central employees. The central government is working on such a system, so that the salary of the employees increases on the basis of their performance.
Salary will increase every year
The government believes that the salary of government employees should be increased every year instead of every 10 years. With this, the way will be clear for the employees of the lower position to get the same salary as the officers sitting on the higher position. This will benefit the junior level employees. In such a situation, the government can introduce a new formula for salary revision of the employees in the budget. In such a situation, it is expected that the system of salary hike every year should be implemented from the upcoming budget itself.