New Delhi: 7th Pay Commission latest updates –Bringing huge reduction for lakhs of Central authorities employees and pensioners, Minister for State for Finance, Anurag Thakur in March this yr advisedĀ Parliament that the employees will get full benefits of dearness allowance beginning July 1. All the three pending installments can be restored prospectively.
The three installments of dearness allowance for central authorities employees and DR for pensioners, due on January 1, 2020, July 1, 2020 and January 1, 2021, had been frozen in view of the COVID-19 pandemic. In a written reply to the Rajya Sabha, Thakur stated: “As and when the decision to release the future installments of Dearness Allowance due from 01.07.2021 is taken, the rates of DA as effective from 01.01.2020, 01.07.2020 and 01.01. 2021 will be restored prospectively and will be subsumed in the cumulative revised rates effective from 01.07.2021.”
As per some reviews out there within the media, the central authorities employees should take into account 7th CPC Fitment Factor of two.57 whereas calculating the possible hike in month-to-month salary. This means as per the 7th Pay Commission Fitment Factor, if an worker attracts a month-to-month fundamental salary of Rs 21,000 then one’s month-to-month 7th CPC salary hike can be Rs 51,400 (Rs 20,000 x 2.57).
At current, central authorities employees get DA of 17 per cent. This stage of DA grew to become efficient from July 2019 with additional revision due from January 2020. But this together with subsequent two different revisions had been suspended as a result of Covid. Last yr, the Union Cabinet had accredited a 4 per cent enhance in DA for authorities employees and pensioners to 21 per cent. This was to be efficient from January 1, 2020. However, in wake of the pandemic the disbursement of DA at elevated charges was suspended together with DR for the pensioners.
However, any enhance in DA from July 1 will solely be efficient from that day, that means the employees wouldn’t get any arrears on non-revision of DA for earlier interval.
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