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Showing posts with label 7th Pay News. Show all posts
Showing posts with label 7th Pay News. Show all posts

Thursday, 11 July 2019

DA from July 2019 – 7th pay commission: DA increment for Central Government Employees may be highest since 2016!

DA from July 2019 – 7th pay commission: DA increment for Central Government Employees may be highest since 2016!: DA from July 2019 – All India Consumer Price Index from July 2018 and May 2019 suggests that increase in DA for Central Government Employees with effect from July 2019 will be not less than 4%

DA from July 2019 – 7th pay commission: DA increment for Central Government Employees may be highest since 2016!

7th pay commission: Modi Government 2.0, did not declare any special announcement for central government employees and others in its first budget, which was presented on July 5, 2019. There was also no change announced in tax slab nor was the limit of tax exemption increased. Also, there was no mention of 7th CPC based fitment factor. All of these three announcements would have brought immense relief to all concerned, but it did not happen. Now, government employees are waiting for that special good news, which they get after every six months! And that is none other than Dearness Allowance (DA) increment. According to the experts, there is an expectation of increment in DA up to five per cent.


Harishankar Tiwari, Former Secretary and Assistant Secretary of All India Audit and Accounts Association, AG Office Brotherhood, Allahabad, who also calculates government employees DA, told Zee Business Online that an increase in DA is possible and that too by five percent. Reason why? He says there is a tangible reason behind it and that is because, according to the Consumer Price Index (CPI) data, inflation has increased in April, 2019. However, there is a little uncertainty as CPI statistics for June, 2019 are yet to come and this will be revealed by the end of July.

Maximum benefit in 3 years


Central government employees and other staffers across various states are paid as per the 7th Pay Commission system. And if the hiked is as per expected amount, then the DA of employees will increase up to 17 per cent, which will be the highest DA increment after the regulation of 7th pay commission in 2016.

In effect, this means that the central government employees will be benefited the most in last three years. RK Verma, Cordinator of the State Employee Joint Council, UP said that "This time there is a more chances in DA increment, because inflation rates has been increased in CPI data of April and May, 2019."

Harishankar Tiwari, Former Secretary and Assistant Secretary of All India Audit and Accounts Association in Allahabad, who calculates the DA of government employees, told Zee Business Online that a five per cent increase in DA is possible because as per the Consumer Price Index (CPI) data, inflation had increased in April 2019. However, the increment is not yet confirmed as the CPI statistics for June 2019 are yet to be released by the end of July.

Notably, if a 5% hike is proposed, then the DA of employees will increase by up to 17%, which will then be the highest DA increment so far since the regulation of 7th pay commission in 2016. RK Verma, Coordinator of the State Employee Joint Council, UP told  Zee Business Online, “This time there (are) more chances in DA increment because inflation rates [have] been increased in CPI data of April and May 2019.”

According to the official website of Labor Department, i.e., labourbureau.gov.in, the base year for All India Consumer Price Index (AICPI) is 2001. The government has released the AICPI of May on 28 June which showed an increase to 314. Notably, the AICPI was 312 in the month of April. According to a report, Harishankar Tiwari said that if the AICPI increased by 1 point in June or if it remained the same at 314, then the DA would increase by five per cent. In case there is a drop, then the DA can be reduced to 4 per cent.

Here is how DA is calculated:


Percentage of DA = {(Average of All-India Consumer Price Index for the past 12 months (Base year 2001=100) -115.76)/115.76} x 100.

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Friday, 8 March 2019

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Wednesday, 20 February 2019

Additional 3% DA increased for Central Govt Employees w.e.f. 01.01.2019- Cabinet Approves

Additional 3% DA increased for Central Govt Employees w.e.f. 01.01.2019- Cabinet Approves 

Additional DA of 3% over the existing rate of 9% to govt. employees and dearness relief to pensioners from 1.1.2019

Press Information Bureau
Government of India
Cabinet

Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019

Posted On: 19 FEB 2019 9:22PM by PIB Delhi

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the release of an additional instalment of Dearness Allowance (DA) to Central Government employees, and Dearness Relief (DR) to pensioners w.e.f. 1.1.2019 representing an increase of 3% over the existing rate of 9% of the Basic Pay/Pension, to compensate for price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission (CPC). The combined impact on the exchequer on account of both DA and DR would be Rs. 9168.12 crore per annum and Rs. 10696.14 crore in the FY 2019-20 (for a period of 14 months from January 2019 to February, 2020).This will benefit about 48.41 lakh Central Government employees and 62.03 lakh pensioners.

Source:- PIB

Tuesday, 5 February 2019

Gujarat Government 2% DA Calculator Table

Gujarat Government 2% DA Calculator Table : The state government has given big gifts to government employees. Gujarat Deputy Chief Minister Nitin Patel has announced that the increase in dearness allowance will be given.

In which government employees will be increased 2% dearness allowance. That will benefit millions of employees. Also, retired pensioners will also benefit.



The increase in the allowance of the employees of the state government employees has been increased. Which will increase the dearness allowance by 2%. Gujarat's Deputy CM Nitin Patel has said that the employees of the government of Gujarat will get the benefit.

Click Here To 2% DA Table || 2% DA Excel File

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Thursday, 31 January 2019

Gujarat Government Employees 2% DA Hike Related Latest news.

Gujarat Government Employees 2% DA Hike Related Latest news.

The state government has given big gifts to government employees. Gujarat Deputy Chief Minister Nitin Patel has announced that the increase in dearness allowance will be given.

In which government employees will be increased 2% dearness allowance. That will benefit millions of employees. Also, retired pensioners will also benefit.
2% DA Hike

The increase in the allowance of the employees of the state government employees has been increased. Which will increase the dearness allowance by 2%. Gujarat's Deputy CM Nitin Patel has said that the employees of the government of Gujarat will get the benefit.

Click Here To Read News Report

Friday, 4 January 2019

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Wednesday, 2 January 2019

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