Monday, October 2, 2023

7th Pay Commission: Good news for government employees before Holi, this much…

7th Pay Commission: Very good news is going to come for the government employees from the central  government. The central government can increase the dearness allowance for more than one crore government employees and pensioners. Dearness allowance can be increased from the existing 38 percent to 42 percent by the government. For this purpose, dearness allowance can be increased by full 4 percent under the fixed formula.  

Dearness Allowance is revised twice a year

Through the Central Government, the rule of increasing Dearness Allowance and Dearness Relief ie Dearness Relief is going on every year from January 1 and July 1. The government can increase the existing dearness allowance by 4 percent and if this happens, the DA of central employees will directly increase by 4 percent. 

Also READ  Air India Uniform Will Be Designed By Famous Designer Manish Malhotra Air...

Dearness allowance of central employees will be 42 percent!

The central government can increase the dearness allowance (DA) by four percentage points from the existing 38 percent to 42 percent for its more than one crore employees and pensioners. A formula has been agreed upon for this purpose. Dearness Allowance for employees and pensioners is calculated on the basis of the Consumer Price Index for Industrial Workers (CPI-IW) released by the Labor Bureau every month. The Labor Bureau is a part of the Ministry of Labour.

Also READ  Insurance Companies: इन 6 इंश्योरेंस कंपनियों को मिले 3 हजार करोड़ के...

The new DA will be applicable from January 1, 2023

Also READ  Bank Strike Employees Association Calls Strike Demanding Adequate...

Read also

Adani Group Debt: Axis Bank’s statement on Adani Group, said this big thing along with telling the loan amount

Source link



Please enter your comment!
Please enter your name here

Most Popular