New Delhi: 7th Pay Commission latest updates –Over 50 lakh central authorities staff and greater than 65 lakh pensioners, eagerly ready for the implementation of hike in Dearness Allowance are headed for some excellent news within the month of July.
According to the All India Consumer Price Index (AICPI) knowledge launch, between January and June 2021, at the very least DA may be elevated by 4 p.c, a Mint report stated. The report additional mentions that after the DA is reinstated, the Dearness Allowance of the central staff could increase from 17 p.c to 28 p.c. This features a 3 p.c increase in DA from January to June 2020, a 4 p.c increase from July to December 2020, and a 4 p.c increase from January to June 2021.
Minister of State for Finance, Anurag Thakur had in March this 12 months informed Parliament that the workers will get full advantages of dearness allowance beginning July 1 and all of the three pending installments can be restored prospectively. However, what could upset the central authorities staff is that any increase in DA from July 1 will solely be efficient from that day, which implies that the workers wouldn’t get any arrears on non-revision of DA for earlier interval.
The three installments of dearness allowance for central authorities staff 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 studies out there within the media, the central authorities staff should be mindful 7th CPC Fitment Factor of two.57 whereas calculating the possible hike in month-to-month wage. This means as per the 7th Pay Commission Fitment Factor, if an worker attracts a month-to-month primary wage of Rs 21,000 then one’s month-to-month 7th CPC wage hike can be Rs 51,400 (Rs 20,000 x 2.57).
At current, central authorities staff 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 due to Covid. Last 12 months, the Union Cabinet had accepted a 4 per cent increase in DA for presidency staff 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.
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