Friday, November 22, 2024
HomePersonal Finance7th Pay Commission: Big news for government employees, DA and DR may...

7th Pay Commission: Big news for government employees, DA and DR may increase by 3%, know when it will be announced

7th Pay Commission Latest Update: Central government employees and pensioners are waiting for an increase in Dearness Allowance (DA) and Dearness Relief (DR). Meanwhile, good news is coming for central employees.

7th Pay Commission Latest Update: Central government employees and pensioners are waiting for the increase in Dearness Allowance (DA) and Dearness Relief (DR). Meanwhile, good news is coming for central employees. Narendra Modi government can increase dearness allowance by 3 percent. According to media reports, if approved, this will be the second increase in both Dearness Relief (DR) and Dearness Allowance (DA).

What is the detail

The CNBC-TV18 report states that the decision is likely to be announced next month in September. At present, the dearness allowance for central government employees is 50 per cent. With the increase in September, DA is likely to go up to 53 per cent. However, the report states that the Center may not release the arrears, which were withheld since the coronavirus pandemic. So far, central government employees have not received 18 months of arrears. Let us tell you that there has been no official statement from the government regarding the announcement of the 7th Pay Commission. The Center calculates dearness allowance based on CPI-IW data, which is published by the Labor Bureau every month.

When was DA last announced?

The last time the Modi government announced an increase in dearness allowance was on March 7 earlier this year. This increase was effective from January 1, 2024. This increased the DA to 50 per cent. Let us tell you that the 7th Pay Commission was constituted in 2014. Usually, the Center establishes a salary at an interval of every 10 years to adjust the salary of central government employees.

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