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Good news: Central employees may get good news, increase in PF and gratuity

7th Pay Commission: India is not untouched due to the corona virus epidemic spreading across the world. There was a decline in the economy. Salary of government employees was cut. But now government employees can be batting.

In fact, due to corona virus, from January to July 2020 and from July to December, 7 percent DA (dearness allowance) is not available to the central employees. Now the DA from January to July 2021 will be announced. Which can be around 4 percent. This will have an impact on the salaries of the employees due to the increase in dearness allowance by the government.




Currently central employees get DA at the rate of 17 per cent. This rate of dearness allowance is applicable from July 2019. The DA increase was scheduled to take effect from January 2020, but was halted in July 2020 and January 2021 due to the coronavirus epidemic. After the increase, central government employees will get 21 percent of their DA.

Experts say that with the increase in DA, other allowances – Travel Allowance, City Allowance will also be increased automatically. Also, there may be a significant jump in the Provident Fund and Gratuity. Pensioners will also benefit in this. Those whose pension is Rs 10,000, their pension can increase to Rs 16,000.

 

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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