Sunday, April 28, 2024
HomePersonal Finance7th Pay Commission: Central employees will get 18 months of outstanding arrears...

7th Pay Commission: Central employees will get 18 months of outstanding arrears along with dearness allowance.

7th Pay Commission: If you are an employee then this news is for you. Let us tell you that the central government employees are expected to get two big gifts from the Center soon. One is increase in dearness allowance and second is 18 months’ arrears can be released… To know the complete details related to this update, stay with the news till the end.

7th Pay Commission: For those who are waiting for the announcement on DA increase and 18 months arrears, here is a big update. Central government employees are likely to get two big gifts from the Center soon. One can be increase in dearness allowance and second, 18 months’ arrears can be released. If reports are to be believed, these two gifts will lead to a huge increase in the salaries of central government employees.

According to media reports, can central government employees and pensioners get the arrears of Dearness Allowance (DA) and Dearness Relief (DR) suspended for 18 months during the COVID pandemic or not? A letter has been written to Union Finance Minister Nirmala Sitharaman in this regard.

In the letter, Mukesh Singh, General Secretary of Bharatiya Immunity Mazdoor Sangh, has urged the Central Government to release the DA dues of 18 months which were previously suspended. Let us tell you that during the time of Covid, the Central Government had stopped the payment of DA and DR for 18 months from January 2020 to June 2021.

What is dearness allowance and dearness relief?

Central Government employees should note that dearness allowance is a component of pay aimed at reducing the impact of inflation. To cope with rising inflation, the effective salary of government employees is revised from time to time. The Center revises DA twice every year in January and July.

Let us tell you that the latest DA for Central Government employees and DR for Central Government pensioners has been increased from 42% to 46%. The new rates have come into effect from July 1, 2023.

How much increase in DA is expected?

This time the Dearness Allowance (DA) of central employees is expected to increase by 4 percent and it can be approved in March and will be paid in April. The new DA rate will be applicable from January 1, 2024.

After the announcement of DA increase in March, it will be paid in the salary of April 2024. It is expected that before Holi, the government will approve the increase in dearness allowance for the employees. If there is an increase in this, then the central government employees will get three months’ money in lump sum.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments