7th Pay Commission Latest news: Central employees are going to get great news once again. This includes proposals like increasing DA by 5 to 6% and coming back of PF interest. Let’s know the latest updates.
7th Pay Commission Latest Update: Once again there is good news for the central employees. By the end of this month, employees are going to get 3 big gifts (7th Pay Commission). The first gift in this is about the Dearness Allowance (DA) of the employees, because it can once again increase by 5 to 6 percent. Second gift, the decision can come on the ongoing talks with the government on DA arrears. At the same time, the third gift is related to the Provident Fund (PF), under which the interest money in the PF account can come by the end of this month.
Then dearness allowance will increase!
Actually, the increase in DA depends on the data of AICPI. There was a jump in the AICPI index in May 2022, after which it is certain that the government can increase Dearness Allowance (DA) by 5 to 6 percent, not 3. If this is approved, then the DA of the employees will increase from 34 percent to 39 to 40 percent. If this happens, the salary of central employees can increase by more than 27 thousand.
Decision on negotiation on DA arrears
Significantly, for 18 months, the matter of Pending Arrears (DR) has now reached Prime Minister Narendra Modi, on which a decision can be taken soon. In such a situation, the central employees have full hope from the central government that soon they will get dearness allowance. Let us tell you that the Finance Ministry had stopped the DA hike in May 2020 till 30 June 2021 due to the Kovid-19 epidemic. This can be discussed in the meeting to be held on August 3.
PF interest money will also be available
The good news of interest can be found in the account of more than 7 crore account holders of Employees’ Provident Fund Organization (EPFO). It is worth noting that the interest money can be transferred to the bank account of the PF account holders soon, because according to the information received so far, the PF has been calculated. It is being told that this time according to 8.1%, this time the interest of PF will come in the account.
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