7th Pay Commission latest news: Central employees can get great news before Diwali. Government employees are going to get three gifts. This includes increasing DA and PF interest money coming in.
7th Pay Commission: There is good news for central employees. This year, employees are going to get three gifts on Diwali. First, there may be an increase in the Dearness Allowance DA of the employees once again. On the other hand, as a second gift, any result can come out on the ongoing talks with the government on the DA arrears of the employees. Along with this, interest on PF can be deposited in the account before Diwali.
DA may increase again
The Dearness Allowance (DA) for July 2021 has not yet been fixed, but the AICPI data for January to May 2021 shows that it may increase by up to 3%. In this way, DA will reach 31 percent after increasing by 3%. According to media reports, the central government can announce to increase DA around Dussehra or Diwali.
Let us tell you, so far this year, dearness allowance has increased by 11 percent as compared to last year. The government has reduced it to 28 percent from July 2021. If now it increases by 3 percent in June 2021, then it will reach 31 percent with DA (17+4+3+4+3). That is, if the basic salary of an employee is Rs 50,000, then he will get DA of Rs 15,500.
Hope to get DA arrears
According to the news published in Money Control, the central employees are hoping that they will get the DA arrears that have been pending for 18 months before Diwali. Now the matter of pending arrears has reached Prime Minister Narendra Modi since 18 months. According to media reports, PM Modi can find a solution for this as soon as possible, after which the employees can get 18 months of pending dearness allowance till Diwali. The Finance Ministry had stopped the DA hike in May 2020 till 30 June 2021 due to the Kovid-19 pandemic.
PF interest money will come
This Diwali, more than 6 crore account holders of Employees’ Provident Fund Organization (EPFO) can get good news. Before Diwali, EPFO can give a bumper gift to the account holders. Interest money can be transferred soon in the bank account of PF account holders. That is, EPFO can soon announce to transfer interest for 2020-21 in the accounts of more than 6 crore customers.
