seventh Pay Fee newest information: The Narendra Modi authorities could convey some extra excellent news for the central authorities workers this New Yr with a hike within the Dearness Allowance (DA).
Though it has not been determined as to how a lot the Dearness Allowance (DA) can be elevated in January 2022, however as per the information of the AICPI index, a 3 p.c DA is being anticipated to extend. With the hike in DA, the wage of the workers can also be anticipated to extend once more. (Additionally learn: Minimal wages of Central govt workers to go increased as Modi authorities could improve fitment issue)
Specialists opine that the dearness allowance may be elevated by 3% in January 2022, thus taking the entire DA share from 31 p.c to 34 p.c. In line with AICPI knowledge, the figures until September 2021 recommend Dearness Allowance (DA) @ 32.81 p.c. This determine/knowledge can be an vital part whereas deciding on additional DA hike of three p.c. Though there isn’t a concrete info on authorities’s subsequent transfer, it’s extensively reported within the media that the DA hike is on the playing cards.
It could be recalled that in October this 12 months, the Union Cupboard, chaired by the Prime Minister Narendra Modi, permitted to launch an extra instalment of Dearness Allowance to Central Authorities workers and Dearness Aid (DR) to pensioners w.e.f. 1.7.2021 representing a rise of three% over the prevailing price of 28% of the Primary Pay / Pension, to compensate for worth rise.
This improve was in accordance with the accepted system, which relies on the suggestions of the seventh Central Pay Fee. The mixed influence on the exchequer on account of each Dearness Allowance and Dearness Aid could be Rs.9,488.70 crore every year. This may profit about 47.14 lakh Central Authorities workers and 68.62 lakh pensioners.
In view of the unprecedented scenario which arose as a result of COVID-19 pandemic, three extra instalments of Dearness Allowance (DA) to Central Authorities workers and Dearness Aid (DR) to pensioners, which had been due from 01.01.2020, 01.07.2020 and 01.01.2021, had been frozen.
The Authorities later determined to extend the Dearness Allowance to Central Authorities workers and Dearness Aid to pensioners with impact from 01.07.2021 to twenty-eight% representing a rise of 11% over the prevailing price of 17% of the Primary Pay/Pension. The rise displays the extra instalments arising on 01.01.2020, 01.07.2020 and 01.01.2021. The speed of Dearness Allowance/Dearness Aid for the interval 01.01.2020 to 30.06.2021 shall stay at 17%.
Nonetheless, the worker organizations have been demanding the appliance of the revised DA from January 1, 2020.