Railway Board has announced the 7% Pay Commission

By | 24 October 2023

Railway Board has announced the 7% Pay Commission. It has increased the dearness allowance salary to 46% for its employees from 1st July 2023 which was 42%. As per the discipline of Seventh CPC, this basic pay has been accepted by the Government of India, From next July, employees will get increased amount along with salary in arrears. All India Railway Ministry has approved Rs 1500 crore.

Meanwhile, the Railway Board’s announcement came just five days after the Union Cabinet approved a bonus of about ₹15,000 crore, which included a 4 per cent hike in DA for government employees as per the approved formula, in line with the recommendations. was based on. 7th Central Pay Commission.

Meanwhile, earlier the government had approved Diwali bonus for Group C and non-gazetted Group B level officers including paramilitary forces. For 2022-2023, the Finance Ministry has set a limit of ₹7,000 for calculating non-productivity linked bonus (ad-hoc bonus) for central government employees. According to the memorandum, the Department of Expenditure under the Finance Ministry said that central government employees in Group ‘C’ and Group B have been given a non-productivity linked bonus equal to 30 days’ emoluments for the accounting year 2022-23. ‘All non-gazetted employees’, who are not covered under any productivity linked bonus scheme.