seventh Pay Commission: Central authorities staff anticipated to get 4% hike in DA, DR earlier than Holi

Image Source : PTI seventh Pay Commission: Central authorities staff anticipated to get 4% hike in DA, DR earlier than Holi
seventh Pay Commission Latest News: Central authorities staff who’re ready for an replace on seventh Pay Commission for January, here’s a piece of fine information for you. According to media stories The Modi authorities could implement the hike in Dearness Allowance (DA) and Dearness Relief (DR) for over 1 crore staff of the Central Government earlier than Holi, i.e by March. 

According to media stories, the Centre is anticipated to extend the dearness allowance of its staff by 4 per cent which is able to improve the Dearness Allowance to 21 per cent. At current, dearness allowance is 17 per cent. 

The hike in DA will improve the in-hand wage of round 48 lakh staff of the Central authorities. According to media stories, aside from DA hike, the federal government is may announce a hike in dearness aid (DR), which is anticipated to profit over 65 lakh, central authorities pensioners.

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Meanwhile, some stories additionally declare that that the federal government can even give 4 per cent arrears. With this, the entire DA will improve to 25 per cent. However, it has not been determined but and there’s no official announcement from the federal government on this regard but. The improve in dearness allowance is more likely to be in accordance with the accepted formulation, based mostly on the suggestions of the seventh Central Pay Commission.

The hike in DA and DR will value Rs Rs 12,510.04 crore and Rs 14,595.04 crore respectively in Financial Year 2020-21 (for a interval of 14 months from January 2020 to February 2021). The choice will profit 48.34 lakh central authorities staff and 65.26 lakh pensioners.
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