7th Pay Commission: In September, the employees are going to get 3 big gifts. The first gift is about the dearness allowance 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 DA will increase!
Actually, the increase in DA depends on the data of AICPI. Earlier, the increase in the DA of the 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 will be a 4 percent increase in dearness allowance in September.
Decision on talks on DA arrear
It is worth noting that the matter of pending arrears (DR) for 18 months 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 Kovid-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.
