7th Pay Commission Latest Update : The month of September is going to bring three good news together for the central employees. Central employees are going to get three gifts in August-September. On their announcement, a huge amount will come in the account of the employees.
The first good news is about the dearness allowance (DA) of the employees, the government is expected to announce a 4 percent increase in dearness allowance in the first week of September. The decision can come on the ongoing talks with the government on the second DA arrears. The third gift is related to the Provident Fund (PF), under which the interest money in the PF account can come by the end of September.
Then dearness allowance will increase!
With the June AICPI index coming to 129.2 points, the way has been cleared to increase the dearness allowance by 4 percent. With an increase of 4 percent in the DA of the employees, it will increase to 38 percent. The AICPI index has jumped since February. According to the figures in June, it increased to 129. The government can make an announcement on dearness allowance in the first week of September, which will be effective from July 1. DA arrears will also come along with the September salary of the employees.
Decision on DA arrears
The matter of pending arrears of 18 months has reached Prime Minister Modi. A decision on this too is expected soon. Central employees expect from the government that soon they will get the outstanding dearness allowance of 18 months. 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.
More than 7 crore subscribers of the Employees’ Provident Fund Organization ( EPFO
) can get the good news of interest coming in the account. In September, interest money transfer is expected in the account of PF account holders. According to the information received from the sources, the interest on PF has been calculated. This time the interest of PF will come in the account at the rate of 8.1 percent.