As a Diwali gift, Punjab CM Channi announces 11% DA hikes for employees
India | November 01, 2021 18:29 ISTChief Minister Channi, during a press conference, had added that 444 crores will be spent on DA every month.
Chief Minister Channi, during a press conference, had added that 444 crores will be spent on DA every month.
The VDA is revised on the basis of the average Consumer Price Index for industrial workers (CPI-IW), a price index compiled by the Labour Bureau (an attached office of the Ministry of Labour & Employment).
The DA is a part of the salary given to government employees and pensioners. Notably, the payment of DA of employees has not been revised since January 2020.
With this, the DA of the employees and pensioners has been increased from 17 per cent to 28 per cent. The hiked DA will be credited in the October salary, the Chief Minister's Office (CMO) said in a statement.
The move would benefit 16 lakh government employees and pensioners and the advancement of the DA hike would entail an additional expenditure of Rs 1,620 crore for three months and for a year the expenditure shall be Rs 6,480 crore.
7th Pay Commission: With this, the new DA rate will be 28 per cent, up from 17 per cent of basic salary, and this was at par with the one being provided to Central government staffers and pensioners, Gujarat Chief Minister Nitin Patel said.
“The finance department will soon issue a notification for the increase in dearness allowance for state government employees and pensioners," Nitish Kumar said.
This announcement to provide a financial benefit of Rs 450 crore to the employees and pensioners was made by the CM Jai Ram Thakur while presiding over a state-level function at historic Seri Manch in Mandi.
The DA revision was withheld in 2020 due to the financial stress on state coffers in the wake of the Covid-19 pandemic.
The Jharkhand government has announced a hike in dearness allowance (DA) for its employees.
The Karnataka government has ordered releasing additional installments of dearness allowance (DA) for its employees and pensioners, which it had frozen in view of the crisis arising out of the COVID-19 pandemic.
The Haryana government has announced a hike in dearness allowance (DA) for its employees and pensioners.
The Union Cabinet on Wednesday decided to restore Dearness Allowance (DA) and Dearness Relief (DR) for central government employees and pensioners from July 1, 2021 while increasing the rate of allowance to 28 per cent.
7th Pay Commission: The Finance Ministry has clarified that it has not issued any notice on resumption of Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for Central government pensioners from July 2021.
The hike, which will be effective from April 1, 2021, will also result in an increase in rate of minimum wages for central sphere employees and workers.
Central government employees and pensioners will get full benefits of dearness allowance starting July 1, with all the three pending installments being restored prospectively, Minister for State for Finance, Anurag Thakur said in Parliament on Tuesday.
According to media reports, the Centre is expected to increase the dearness allowance of its employees by 4 per cent which will increase the Dearness Allowance to 21 per cent. At present, dearness allowance is 17 per cent.
7th Pay Commission: The salaries of the employes may lead to hike before Diwali as the Union government is planning to change the base year for the consumer price index for industrial workers (CPI-IW). The move is likely to benefit 48 lakh central government employees.
The Centre on Wednesday has clarified that the government has not passed any new order in relation to the suspension of Dearness Allowance (DA) hike.
7th Pay Commission: There is good news expected for Central government employees as Dearness Allowance (DA) hike is expected for them. The Central government employees are expecting the Dearness Allowance (DA) for the January-June 2020 period from July 2021 onwards.
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