7th Pay Commission 2021 benefit on DA, DR for central government employees?
Here we come with a new IMP News In our informative blog knowing steps360. 7th Pay Commission Latest News: Central Government Employees are eagerly waiting for the Dearness Allowance (DA), which has been due from as far back as January 2021.
Central Government Employees are eagerly waiting for the Dearness Allowance (DA), which has been due from as far back as January 2021. According to the All India Consumer Price Index (AICPI) data release, one can expect at least a 4 percent DA hike for January to June 2021 period. But, the double bonanza is also there as the Center is expected to restore DA from 1st July because they have put the DA hike on hold.
This will be good news for the retired central government employees too as their Dearness Relief (DR) benefit will also get restored with DA restoration. In that case, it will be good news for around 52 lakh central government employees and around 60 lakh pensioners of the central government.
Seventh Pay Commission: Pay Hike
As central government employees salary is decided by the fitment factor (which is 2.57) multiplied by basic salary plus DA. When the DA will jump from 17 to 28 percent, a central government employee's salary is bound to jump. Apart from that, they will be given three installments of the DA arrears too.
Dearness Relief - DR benefit for pensioners
Like central government servants, pensioners will also get the benefit of the DR restoration as their pension will jump in the same manner way a central government employee's salary will grow. After the DA announcement, their DR will go up and in that case, their monthly pension will go northward and they will also get arrears for the three installments of their DR.
7th CPC: DA Arrears
After DA restoration, central government employees DA will jump from the existing 17 percent to 28 percent (17 + 3 + 4 + 4). This includes 3 percent DA announced for January to June 2020, 4 percent DA announced for July to December 2020, and 4 percent DA expected for January to June 2021.
Check Also: Big news for 40 million SBI Customer 2021
Check Also: CBSE Exam 2021 Official Sample Papers
Check Also: Get 2 Lakh Rs Loan From Paytm 2021 Know How?
0 Comments