7th Pay Commission Latest Update: This month is going to bring many good news for the central employees. Employees are going to get 3 big gifts in September. The first gift is about the Dearness Allowance ( DA ) of the employees , because it is going to increase by 4 percent once again.
Second gift, the decision can come on the ongoing talks with the government on the outstanding 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 will come by the end of August or in September. That is, a big amount is going to come in the account of the employees this month.
Then dearness allowance will increase!
Actually, the increase in DA depends on the data of AICPI. Earlier, the increase in DA of employees was also fixed by the data of the AICPI index for the month of May. Even before the data of the fast-growing AICPI index after February, it was expected that the AICPI index of June would be higher than that of May. There has been a big jump in the numbers of the AICPI index in June. In May, it had gained 1.3 points and it had increased to 129 points. The June figure has reached 129.2. Now there is an expectation of 4 percent increase in dearness allowance in September.
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 Covid-19 epidemic.
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 ). Significantly, by the end of this month, interest money can be transferred to the bank account of PF account holders, 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.
