The expectation of an increase in Dearness Allowance (DA) for Government employees and pensioners. There are a few other components that are calculated with respect to the basic salary and added to the DA amount and then calculated as … History. The combined impact on the exchequer on account of both 7th CPC linked Dearness Allowance and Dearness Relief was fixed at Rs 12,510.04 crore per annum and Rs 14,595.04 crore in Financial Year 2020-21 (for a period of 14 months from January 2020 to February 2021). Benchmarks . The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved to release an additional instalment of dearness allowance (DA) to central government employees and dearness relief (DR) to pensioners with effect from January 1, 2020, an official statement said. Read more about Rajasthan govt raises dearness allowance to 17 pc on Business Standard. IndusInd Bank 970.60 124.5. It is calculated as a percentage of basic salary to curb the effect of inflation. Private Limited Company. Increase of 4 percent over the existing rate … NEW DELHI: The Union Cabinet raised dearness allowance by 5% in a move that will benefit 50 lakh government employees and 65 lakh pensioners. For calculating the per day wage of the employee, the monthly wage (last drawn Basic + Dearness Allowance) is divided by 26 and the result is multiplied by 15 x … If the operating profit is above 15 per cent, employees will get an additional 15 days salary. DA increase in accordance with the accepted formula. The simple calculation to find out the percentage of additional Dearness Allowance for Central Government Employees and Pensioners with effect from January and July every year… New Expected DA Calculator from July 2020. The hike, based on the recommendations of the Seventh Pay Commission, will cost the exchequer Rs 16,000 crore and will be … Apr 23, 2020… The Government, also suspended six different allowances including the city compensatory allowance and secretariat allowance. 5Y Return. There is no law making payment of dearness allowance compulsory. However, “No arrears from the period from 01.10.2020 till 30.06.2021 shall be paid,” it said. The decision benefits about 48.34 lakh Central Government employees and 65.26 lakh pensioners. Dearness Relief (DR) Loss in Pension Calculator for Government Pensioners After implemented an important order issued by the Finance Ministry under the title of “Freezing of Dearness Allowance and Dearness Relief” on 23rd April 2020, all Central Government pensioners including Railways are wishing to know their total contribution to the Govt. The National Health Policy aims to raise public spending on health besides revisiting public private partnerships in the health sector. Since the government has already hiked the dearness allowance by 2 per cent in October last year from July 1, 2016, it will now raise it further by 2 per cent. The Centre on Thursday said that it has put on hold the increase in dearness allowance for its employees because of the strain on its finances due to coronavirus pandemic. Coming Soon . The Centre on Thursday announced that additional dearness allowance (DA) due to the central government employees from January 1, 2020, will not be paid due to the Covid-19 crisis. Dearness Allowance (DA) from July 2020: 3% increase in DA confirms at this stage and it is possible to hike by 4% also! Dearness Allowance of lakhs of employees and pentioners has been put on hold since April 2020. This is a good news for the central government employees who are waiting for their revised Dearness Allowance. The Union Labour Office has declared the AICPI (All India Consumer Price Index) data. What is the expected DA? Increase based on 7th Pay Commission recommendations. Whereas the latest guidelines would apply to executives and non-unionised supervisors of CPSEs drawing the specified IDA pay scales, the DA rates for employees drawing central dearness allowance pay scales were already frozen, the government said. The dearness allowance has been frozen following "the crisis arising out of COVID-19", Department of Public Enterprises said in a circular. However, this will be applicable only if the bank reports a net profit. One Person Company (OPC) Coming Soon . The dearness allowances are the cost that central government pays to its employees for their living standard. The move will come into effect retrospectively from January 1, 2020. Employee Railways Under 7 th Pay Commission. The news of DA and DR hike comes days after the Government has told the Rajya Sabha that Dearness Allowance was due to Central Government Employees from January 1, 2020. dearness allowance hike News and Updates from The Economictimes.com. 5Y Return. 7th Pay Commission: The central government employees are eagerly waiting for their Dearness Allowance (DA) announcement for January to June 2021 period.After the announcement of AICPI (All India consumer Price Index), they are more eager to know their DA hike as speculation is rife that the central government will announce at least 4 per cent DA for the central government servants. Dearness Allowance Rates Rules Eligibility Calculator For Central Govt. Dearness Allowance + Basic merged, National Pension System contribution increased for bank employees! NSE Gainer-Large Cap . 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