7th Pay Commission News : Central Govt Employees Cabinet May Approve 3% DA Hike for July Today
7th Pay Commission News : Central Govt Employees Cabinet May Approve 3% DA Hike for July Today
7th Pay Commission : At present, the central govt employees get a dearness allowance of 17 per cent.
With an increase of 3 per cent in July and the pending hike, the DA for central government likely to jump to nearly 28 per cent.
7th Pay Commission : The Centre is likely to announce a big update on Dearness Allowance (DA) and Dearness Relief (DR) for the central government employees and pensioners on Wednesday.
The Cabinet Committee on Economic Affairs (CCEA) may approve 3 per cent DA hike for the month of July, sources told News18.
At present, the central government employees get a dearness allowance of 17 per cent. The current rate has been effective since July, 2019. In the wake of coronavirus outbreak in the coutry, the Central stalled the hike in dearness allowance last year.
The finance ministry stated that no arrears will be paid from January 1, 2020 to June 30, 2021. However, any hike in DA due to revision on July 1, 2021, will take into account the previous hikes as well.
The dearness allowance of the central government employees has been raised by 4 per cent in January 2020, by 3 per cent in June 2020 and by 4 per cent in January this year.
With an increase of 3 per cent in July and the pending hike, the DA for central government likely to jump to nearly 28 per cent.
A Dearness Allowance (DA) is a sum paid to central government employees and pensioners, in an attempt to offset the rising inflation in the country. Inflation drives prices at different rates across the country, depending on the location.
Therefore, based on the location of the employee and the rate of inflation at that time of the year, the DA is calculated accordingly.
