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Home Latest News

7th Pay Commission: Central employees can get good news, DA may increase by 4%

by InvestPolicy
February 15, 2021
in Latest News
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Ministry of Finance prepares to infuse Rs 3000 crore in general insurance companies this quarter
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7th Pay Commission-DA, TA hike, salary increase: Central government facing financial problems due to Coronavirus epidemic can now give good news for its employees. The DA was cut by the government due to the Coronavirus. But now the central employees are expected to increase DA by 25 percent from January 2021 to June 2021. The Labor Department has also announced the All India Consumer Price Index – AICPI. This has raised hopes among central employees that they may get an increased DA. Let us know that the rate of dearness allowance (DA) is determined by AICPI.

According to ACPI data, the Narendra Modi government may announce 4 per cent DA for the period January to June 2021. Which means that after DA is reinstated, his DA can be increased by 25 per cent of the basic monthly salary (17 + 4 + 4). For July to December 2020, an additional 4 per cent DA is still not added to their monthly salary.

Ministry of Finance prepares to infuse Rs 3000 crore in general insurance companies this quarter

According to the Seventh Pay Commission, the Travel Allowance -TA of Central Government employees will automatically increase as soon as DA is announced. In such a situation, after the announcement of DA, the monthly salary of central government employees will increase manifold.

Like central employees, about 58 lakh retired central government employees are awaiting DA announcement. Because it is also directly related to his Dearness Relief (DR). The reinstatement of DR is expected to increase his monthly pension.

Explain that the Center banned DA in April 2020 due to the Korana crisis. According to the Centre’s announcement, central employees will not receive Dearness Allowance (DA) and DR until June 2021. But some media reports are saying that the government can restore it before June 2021. In such a situation, central government employees and pensioners are eagerly waiting for this good news.

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Tags: 7th cpc7th Pay CommissionAICPIAll India Consumer Price IndexCentral Governmentdearness allowanceemployeesTATravel Allowanceकेंद्र सरकारमहंगाई भत्तासातवां वेतन आयोग
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