7th Pay Commission Latest Update : This month is going to bring many good news for the central employees. By the end of this month, the employees are expected to get 3 big gifts. The first gift is about the Dearness Allowance (DA) of the employees, as it may once again increase by 4 to 5 percent. Second gift, the decision can come on the ongoing talks with the government on 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 can come by the end of this month. 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 AICPI index for the month of May. From the data of the rapidly growing AICPI index after February, it was expected that the AICPI index of June would be higher than that of May. After April, there has been a big jump in the number of AICPI index of May. In May, it had gained 1.3 points and it had increased to 129 points. The June figure has reached 129.2. Now it is expected that this time the increase in DA will be at least 4 percent.
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. This can be discussed in the meeting to be held on August 3.
The money of PF interest 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). It is worth noting that 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.
