Two big decisions will be taken in this budget for government employees! You will get more money to build a house

New Delhi, Dated 23 January 2023, Monday

In Budget 2023, Finance Minister Nirmala Sitharaman may announce the change of employee salary fitment factor in the budget. Along with this, the house building allowance advance can also be increased from 25 to 30 lakh rupees. This is the last full budget of the Narendra Modi government before the 2024 general elections. In such a situation, it is expected that there may be many advertisements to lure government employees.

According to a report, there has been a long discussion about salary revision under the 7th Pay Commission. Sources say that salary revision of central government employees can be done through fitment factor in the next pay commission. The government believes that the salary of government employees should be increased every year instead of every 10 years. This will pave the way for lower-ranking employees to be paid at par with higher-ranking officials.

The idea of ​​increasing the salary of the employees every year is that of former Finance Minister Late Arun Jaitley. While approving the Seventh Pay Commission in 2016, Jaitley had said that now is the time to increase the salaries of employees every year. It will benefit junior level employees. According to sources, one year is left for the formation of the 8th Pay Commission. In such a situation, the government can introduce a new formula for salary revision of employees in the budget. Every year salary increment system should be implemented from the next budget itself.