New Delhi: Amidst the second wave of Corona epidemic, the central government is preparing to increase PF and gratuity after the rate hike of variable dearness allowance (VDA) to employees. It is known that the central government has announced to increase the VDA from Rs 105 to Rs 210 per month.
At the same time, economic experts have described the increase in variable dearness allowance as a welcome step amid the second wave of Corona epidemic. It is also said that the increase in VDA will also increase the benefits directly related to provident fund, gratuity and DA.
The benefit of variable inflation allowance, the revised rate of VDA, will benefit about 1.5 crore employees in railways, mining, oil fields, ports and other central government establishments. According to the Ministry of Labor, the revised rate of VDA has been increased from April 1, 2021. This rate will also be applicable to contractual and casual workers.
According to the ministry, the implementation of the revised rate of VDA amidst the second wave of Corona epidemic will provide major relief to the central personnel. The VDA changes based on the average consumer price index. The average CPI-IW from July to December 2020 has been used to change the VDA.
The Ministry of Labor has said that the increase in VDA will also increase the minimum wage rate of central personnel and workers. The enforcement of the Minimum Wages Act is ensured in the Central Region through the Inspecting Officers of the Central Chief Labor Commissioner.
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