The government will announce these three major pay raises for government employees in March.

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According to media reports, central government employees' base salaries would likely increase following Holi since the government may finally make a decision regarding the pending fitment factor raise.

After Holi 2023, central government employees should anticipate some significant news. The fitment factor, dearness allowance (DA) hike, and compensation adjustments may be decided upon by the 7th pay commission.

In accordance with the 7th pay commission's recommendations, the central government has amended the home allowance (HRA) rule for central personnel.

Recent Developments in Salary Revision:
There have been rumours that the government may introduce a new wage adjustment methodology given that the 8th pay commission won't be established for another year. This is anticipated to occur after Holi 2023.

Updates Regarding Salary Revision:
According to reports, the government might announce a new formula for salary revision, seeing that only one year is left before the formation of the 8th pay commission. It is expected that this might happen after Holi 2023.

Updates Regarding Fitment Factor:
Media sources report that the base salary of central government employees will likely increase after Holi 2023 as the government might finally take a decision on the pending fitment factor hike. Media sources also suggest that the basic salary of government employees will also be hiked to Rs 26,000 from Rs 18,000 after the fitment factor hike.

Government employees receive their salaries on the basis of the fitment factor and currently, the fitment factor is at 2.57 percent. However, government employees are demanding for the fitment factor be raised to 3.68 percent.

Updates on DA Hike:
Reports suggest that the central government might also increase the dearness allowance (DA) of government employees in March 2023, effective January 1. The central government hiked the DA in September last year by 4 percent, hence hiking the DA from 34 percent to 38 percent. This March, the government might hike the DA by 4 % as well.

There is a chance that the government might also hike the dearness pension (DR) of the pensioners. The government is expected to make an announcement on all of the abovementioned topics after Holi 2023.

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