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7th Pay Commission Good News: DA For Government Employees to Touch a New Level - Details Inside
There is some good news on the 7th Pay Commission for nearly 1 crore Central and State Government employees.
A 3 per cent Dearness Allowance is on the anvil and would be applicable from January 1 2019 onwards.
at a time when the central government employees are still awaiting further increase in the minimum pay, a big news is making rounds that is likely to benefit over 1 crore employees and pensioners of the Central and State Government.
As per a report of Zeebiz Online, these 1 crore employees may soon get three per cent Dearness Allowance (DA) effective from January 1, 2019, informed Harishankar Tiwari, Praygraj based AG Office Brotherhood and ex-Assistant Secretary-General of All India Audit and Accounts Association.
Based on Consumer Price Index, a calculation was made which revealed that the DA has been set to be hiked closer to three per cent, while this is the first time that the allowance may increase by 3 per cent, since the implementation of 7th Pay Commission on January 1, 2016.
The Dearness Allowance is a cost of living adjustment allowance paid to Government employees, and calculated as a percentage of an Indian citizen’s basic salary to mitigate the impact of inflation on people.
Zee Business, while quoting Prayagraj based AG Brotherhood and ex-assistant secretary general All India Audit and Accounts Association, Harishankar Tiwari said that the DA will move closer to 3 per cent.
According to the calculations done on the basis of the Consumer Price Index, the DA has been set to move closer to three per cent. The report also said that the the DA would stay at around 3 per cent or more from 2019, if the consumer price index of December month rises to 5 per cent. In this case, the CG employees may get DA of up to 4 per cent