Important news for employees. Actually a new update has come from the government for the employees. Due to which it is being said that the employees are going to get the gift soon. Along with this, the salary of the employees is going to increase on this basis.
It is that time of the year when more than one crore central government employees and pensioners are eagerly waiting for the next round of Dearness Allowance hike. According to reports, central employees may get more than expected as ‘Holi gifts’ this year.
Apart from the next round of DA hike under the 7th Pay Commission rules, government employees will also get a hike in the fitment factor. Due to which his salary will also increase and the biggest, long-standing 18-month-old DA arrears demand will be successful.
Explain that till now no official or confirmed information has been received regarding the payment of arrears of 18 months to the Central Government employees. Nevertheless, media sources claim that the government may take a decision in March, when asked by the employees’ union. The government from the very beginning has been firm on its stand that when the DA hike was put on hold due to the Covid-19 pandemic, there was no question of arrears.
Figures can change on the basis of discussion-
According to sources, the employees’ side is pressurizing regarding the payment of arrears for 18 months between January 2020 and June 2021. Level 3 category government employees can get between Rs 11,880-37,554, while Level 13/14 employees can get between Rs 1,44,200-2,15,900. The figures may change in future based on the discussions among the stakeholders on the front.
There may be a 4 percent increase in DA.
Central government employees can find it increased in March regarding the fitment factor. The news has already come quoting the employees union officials that DA can be increased by 4 percent. This figure is expected based on the latest All India Consumer Price Index (AICPI) data.
DA is revised in 6 months-
Dearness allowance is given to improve the standard of living of the employees. This allowance is given to government employees, pensioners and public sector employees. Dearness allowance is given so that even after the increase in inflation, the employees do not have any problem in living their lives. Usually, Dearness Allowance is revised every 6 months, in January and July.
Which formula increases dearness allowance-
Dearness allowance is calculated on basic salary. A formula is fixed for the calculation of dearness allowance, which is determined by the Consumer Price Index (CPI). Dearness Allowance percentage = Average of CPI of last 12 months-115.76. Now whatever comes will be divided by 115.76. The number that comes will be multiplied by 100. With this you can do your calculation. That how much will be the increase in your salary.
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