The employees and pensioners of the central government were eagerly waiting for the 8th Pay Commission and the government has given them this gift. Soon a committee will be formed for this and the process of forming the 8th Pay Commission will be started. Today the Union Cabinet meeting was held at the residence of Prime Minister Narendra Modi and this decision was approved under the chairmanship of PM Modi.

The demand was being made for a long time

The organizations of central employees had met the Cabinet Secretary and demanded the formation of the 8th Pay Commission and these organizations were continuously pressurizing the government to form the 8th Pay Commission. In the last one year, several times the employee unions have demanded the central government to clarify the situation. After the last budget, when Finance Secretary TV Somanathan was questioned about this, he said that we still have enough time for this work.

7th Pay Commission implemented from 1 January 2016

The 7th Pay Commission was implemented in the country from January 1, 2016. It benefited about 1 crore people. Since the Pay Commission is implemented every 10 years, it is now expected that the Narendra Modi government at the Center will implement the 8th Pay Commission from January 1, 2026. This is expected to bring a big change in the minimum wage and pension.

A new commission comes every 10 years

More than 10 years have passed since the formation of the last Pay Commission. Usually the next Pay Commission is formed every 10 years. There is also usually a gap of 10 years between the implementation of the recommendations of the new Pay Commission in place of the old Pay Commission. In such a situation, the formation of the Eighth Pay Commission became necessary.

When was the last commission formed?

The Seventh Pay Commission was formed on 28 February 2014 during the tenure of former Prime Minister Manmohan Singh. The 7th Pay Commission submitted its recommendations to the Central Government about one and a half years later in November 2015. After that, the recommendations of the 7th Pay Commission came into effect from 1 January 2016, which are still in force.

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8th Pay Commission: Disappointing news has come out for central employees. The government has ruled out the possibility of implementing the 8th Pay Commission. This simply means that employees will no longer have to wait for the 8th Pay Commission for salary hike. The government is now working on a new method to increase salary and pension.

Under this method, the salary of the employees will be increased on the basis of the new formula. However, not much information has been revealed about this method. Earlier, the employees were expecting that their salary would increase significantly through the 8th Pay Commission.

Central government employees in confusion

Central employees and pensioners were expecting that their salary would increase significantly through the 8th Pay Commission. But according to sources of the associate website Zee Business, the government is considering implementing a new method instead of implementing the 8th Pay Commission. Now the salary and pension of the employees will be increased in a new way. Let us tell you that the tenure of the last few pay commissions has been about 10 years.

The 7th Pay Commission is in force since 2016 and its tenure is going to end in December 2025. Therefore, employees and their organizations were demanding the 8th Pay Commission. But the government says that the tenure of the Pay Commission is not necessarily 10 years every time. There is confusion among the employees due to this decision of the government.

Why will the 8th Pay Commission not be formed?

The government is preparing to bring a new system for the salary and pension of central employees and pensioners. There were reports earlier that the government could adopt a new method in place of the old Pay Commission. Now sources say that the government is actually working in this direction.

The government believes that with this new system, the salary of employees and pensioners will keep increasing from time to time. In the earlier system, a new Pay Commission was formed every few years and changes were made in the salary. But now the government is working on a system in which changes can be made in the salary without a Pay Commission. Recently, Minister of State for Finance Pankaj Chaudhary has also made it clear in the Parliament that at present there is no plan to form the 8th Pay Commission.

What will the central employees do now?

It has been made clear by the Central Government that now no new Pay Commission will be formed, since then there is resentment among the government employees. These employees are uniting against the government. The big organization of employees, All India State Government Employees Federation has even threatened that if their demand is not met,

then they will hold a big movement across the country next year. However, it is difficult to say right now what will happen next. The government has made it clear that it will not form the 8th Pay Commission. Now it remains to be seen how the employees and the government resolve this matter.

Demand from the Cabinet Secretary

NC JGM, a big organization of central government employees, is constantly demanding from the government that the 8th Pay Commission should be formed as soon as possible. This organization has recently made this demand by writing a letter to the Union Cabinet Secretary.

NC JGM says that it has been almost 9 years since the recommendations of the last Pay Commission (7th Pay Commission) were implemented. After such a long time, there is a need to increase the salary and pension of the employees. Therefore, they want the government to form the 8th Pay Commission as soon as possible and provide relief to the employees.

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Central government employees are currently getting 50 percent dearness allowance (DA). This is applicable from January 2024. The next hike in dearness allowance will be applicable from July 2024. However, it may be September by the time it gets approved. But, it will be implemented from July only. Now let us understand what will happen if the calculation is changed.

Calculation will start from 0

The AICPI index numbers that determine the Dearness Allowance (DA) score are to be released between January and June 2024. Of these, only the data for January 2024 has been revealed so far. These numbers will decide how much the dearness allowance of central employees will increase. If the dearness allowance is 50 percent, the calculation of dearness allowance which will be zero (0) will change. This calculation will start from 0 and the increase that occurs, for example 3-4 percent, will be counted further. According to Labor Bureau sources, the calculation is certain to change. However, answers to all the questions will have to wait till July 31, 2024.

Dearness allowance is decided from AICPI numbers

According to the 7th Pay Commission, dearness allowance for central employees is decided by the AICPI index i.e. CPI (IW). The Labor Bureau issues it on the last working day of every month. However, this data is delayed by one month. For example, the data for January comes at the end of February. The index numbers decide how much the dearness allowance will increase. A formula has been given for determining dearness allowance. For Central Government employees, the formula is [(Average of All India Consumer Price Index (AICPI) of last 12 months – 115.76)/115.76]×100. In this the bureau collects data on many items. On the basis of this the index number is decided.

Labor Bureau did not release data for 2 months

For calculation of CPI for industrial workers, AICPI number will be released on the last working day of every month. The event calendar for this has already been released. According to this, the CPI number for January was released on 29 February. The CPI number for February was to be released on March 28. But, it was not given. There itself. Even the March numbers were not released on 30th April. It is being told that the Labor Bureau does not have the numbers for February.

Therefore no further calculations have been done. The intention is also that after collecting all the data before July, it should be released finally. The numbers for the month of June will be released on 31st July. This number itself will decide how much dearness allowance should increase in comparison to the increase in inflation in six months.

Delay in releasing February numbers
If we look at the current situation, till January the CPI (IW) number is at 138.9 points. Due to this, dearness allowance has increased to 50.84 percent. This will be counted as 51 percent. According to estimates, this figure may reach 51.42 in February. Experts are estimating that the next hike in dearness allowance will also be of 4 percent only. But, it is too early to say whether it will be given 4 percent or 54 percent.

How will employees get good news?
Experts clearly believe that it is not yet clear whether dearness allowance will be reduced to zero or not. Only when the final numbers come in July, the situation will be clear whether it will be reduced to zero or the calculation will continue beyond 50. It will completely depend on the government as to how and from where the dearness allowance will be calculated. But, meanwhile, the good news we were talking about is that as soon as it becomes zero, 50 percent of the dearness allowance money will itself be merged into the basic.

Minimum salary will increase by Rs 9000
If the calculation of dearness allowance starts from 0 from July, then the salary of central employees will increase by Rs 9000. This increase will be calculated on the minimum salary. If the basic salary of a central employee is Rs 18000, then his salary will increase to Rs 27000. Similarly, if the salary of an employee is Rs 25000, then his salary will increase by Rs 12500. This will happen because, once the dearness allowance is cancelled, it will be merged into the basic salary. However, the last time dearness allowance was reduced to zero was on January 1, 2016. At that time the recommendations of the 7th Pay Commission were implemented.

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After the Lok Sabha elections, crores of central government employees are going to get great news. The results of the Lok Sabha elections will be announced on June 4. The dearness allowance of central employees will increase from the very next month i.e. from July 1. Similarly, the dearness relief (DR) of central government pensioners will also increase.

However, looking at the pattern so far, this allowance is expected to be announced in September or October. Let us tell you that according to the recommendations of the 7th Pay Commission, the government increases the allowance twice a year. This increase is done on half yearly basis.

Know the increase in January half year

In March 2024, the central government had increased the dearness allowance hike and dearness relief by 4% for the January to June half year. With this increase, the DA of central employees increased to 50%, providing various reliefs on different fronts to lakhs of central government employees and pensioners across the country.

There will be a big change in HRA and gratuity –

With DA reaching 50%, there was a change in the salary structure of central employees. Under this, the house rent allowance for central employees was also increased. In another important change, the tax exemption limit on gratuity was increased from Rs 20 lakh to Rs 25 lakh.

This means that in the event of retirement or death of an employee, their family can receive a higher gratuity amount, ensuring better financial stability. Let us tell you that gratuity update is a lump sum payment made to those employees who have served in a company for five years or more continuously. It is paid by the employer at the time of retirement or resignation.

Allowances like hostel subsidy were revised –

Similarly, allowances like Children’s Education Allowance (CEA) and Hostel Subsidy were also revised by 25%. Government employees can now claim a fixed amount of Rs 2,812.5 per month for CEA allowance. Employees can also get a subsidy of Rs 8,437.5 per month for hostel expenses.

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8th Pay Commission latest news: There is good news for central employees. There is talk that talks on 8th Pay Commission are moving forward. If the 8th Pay Commission is implemented then there will be a big jump in the salary of central employees. Under the 7th Pay Commission, the basic salary of employees is Rs 18,000. Fitment factor plays a big role in deciding salary. The revised basic pay is calculated from the old basic pay on the basis of fitment factor. Fitment factor is an important recommendation in the Pay Commission report..

Minimum basic salary will increase like this

In the recommendations of the 7th Pay Commission, the fitment factor was kept at 2.57 times. On this basis, the salaries of central employees were revised. If we look at the figures, the lowest salary hike was given in the 7th Pay Commission. However, the basic salary was increased to Rs 18000. There is discussion that in the 8th Pay Commission, the fitment factor can be increased to 3.68 times. In such a situation, the minimum salary may increase from Rs 18 thousand to Rs 26,000.

When did you get salary hike in pay commission?
4th Pay Commission Fitment Factor

Salary increase: 27.6%
Minimum pay scale: Rs 750

5th Pay Commission Fitment Factor

Pay hike: 31%
Minimum pay scale: Rs 2,550

6th Pay Commission Fitment Factor

Fitment Factor: 1.86 times
Pay Hike: 54%
Minimum Pay Scale: Rs 7,000

7th Pay Commission Fitment Factor

Fitment Factor: 2.57 times
Pay Hike: 14.29%
Minimum Pay Scale: Rs 18,000

8th Pay Commission Fitment Factor

Fitment Factor:?

Salary increment:?

Minimum Pay Scale:?

Will the 8th Pay Commission come?
The biggest question is whether the 8th pay commission will come or not? There are two different discussions regarding this. If government sources are to be believed, the government will no longer consider the next pay commission. At the same time, experts believe that it is not possible to do so. Now a system has been made. That system cannot be ended suddenly. The second big reason is that there is still time for the 8th Pay Commission to arrive. The timeline of the next Pay Commission may come into effect from January 1, 2026. In such a situation, there is still a lot of time.

How much will the salary increase on the pay matrix?
The minimum salary of central employees can start from Rs 26,000 in Pay Matrix 1. In this sequence, the salary will increase till pay matrix level-18. If we look at the trend of Pay Commission, it is implemented every 8-10 years. This time too it is being claimed to be implemented on January 1, 2026.

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The office memorandum issued by the Ministry of Health and Family Welfare on March 28 is becoming a cause of trouble for central employees. The reason, in that memorandum it was said that the CGHS ID card will be linked to the Ayushman Bharat Health Account of the Government of India. This card will have to be linked to Ayushman Bharat Health Account within 30 days. After this, the employees started fearing that sooner or later the government may take some major decision regarding CGHS. Which can divert employees and pensioners from CGHS.

Treatment facilities for government employees in private hospitals may end. C. Sreekumar, member of the Standing Committee of the National Council of Staff Side (JCM) and General Secretary of All India Defense Employees Federation (AIDEF), has written a letter to the Secretary of ‘Ministry of Health and Family Welfare’ in this regard last week. It said that employee organizations and JCM have not supported this decision of the Central Government.

It was not necessary to take advice from the employees.

Shrikumar has written in his letter that the decision of the Health Ministry that now the CGHS ID card will have to be linked to the Ayushman Bharat Health Account of the Government of India is surprising. Central government employees have been shocked by this decision. The Health Ministry did not even consider it necessary to take the advice of the Central Employees Organizations and the Standing Committee of the Staff Side National Council (JCM) before taking such a decision.

However, meanwhile, an official of the Health Ministry has informed the representative of the employee organization that it is not mandatory to link the CGHS ID card with the Ayushman Bharat Health Account of the Government of India. This decision will remain as an option.

There is no logic behind this decision

In his letter, Shrikumar has informed the government about the doubts of the employees and pensioners. Employees and pensioners believe that they do not see any logic behind this decision of the Health Ministry. The reason is that Ayushman Bharat Health Account (ABHA) is for general citizens, whereas CGHS covers government employees and pensioners. Ayushman works under Bharat Health Account Insurance Scheme.

In this, eligible citizens get an insurance cover of Rs 5 lakh. Its premium is paid by the government. In CGHS, a government employee deposits a fixed amount. Under this, employees get treatment facilities even in expensive private hospitals. The cost of treatment here is not limited to Rs 5 lakh. In ABHA, the government pays the premium, whereas in CGHS, the premium is paid in advance by the retired government employee. In such a situation, how can the two schemes be compared and linked together?

Private hospitals withdrawing from CGHS empanelment

CGHS beneficiaries already face many problems. There is a shortage of doctors and other staff at many wellness centres. There are not enough medicines and resources. Cashless treatment is prohibited in CGHS hospitals. Overcharge is levied at many places. Such private hospitals, which have multispecialty facilities, are removing themselves from the CGHS empanelment. Sreekumar wrote in his letter, in such a situation, linking the CGHS ID card with the Ayushman Bharat Health Account (ABHA) of the Government of India is like sprinkling salt on the wound.

Office Memorandum should be withdrawn

This is a well thought out step by the Government of India. Through this, an attempt is being made to put pressure on government employees to get treatment only in government hospitals. Employees, say goodbye to CGHS empanelment hospitals. In such a situation, Shrikumar has requested the Health Ministry to withdraw the office memorandum issued on March 28, in which it has been said to link the CGHS ID card with the Ayushman Bharat health account of the Government of India. Also, a meeting of the Standing Committee of the Staff Side National Council (JCM) should be called regarding this matter. All aspects of the employees should be heard in it.

This message went viral on social media

Last year, a screenshot of a WhatsApp chat (message) went viral on social media. It was said in it that CGHS and Ayushman Bharat Health Account are being linked. Many types of misconceptions were spreading among the beneficiaries through that message. Like, why does the government want to take that step? Were any rules of treatment in government and private hospitals to be changed by that order? At that time the Central Government had denied the message that went viral on social media.

PIB Fact Check had rejected the viral claim of linking CGHS ID with Ayushman Bharat Health Account ID. Called it completely fake. Now an office memorandum has been issued on March 28 by the Directorate General of Health Schemes of the Central Government, Ministry of Health and Family Welfare, Government of India. It has been said that CGHS and Ayushman Bharat Health Account should be linked.

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But if dearness allowance is 50 percent, it will now start from zero. In such a situation, the question remains in the minds of the employees that how much will DA increase after it becomes zero. Let us know in the news below-

The dearness allowance hike of central employees is 50 percent. This is applicable from January 2024. The next update will be applicable from July 2024. This approval will be received by September 2024. But, for this it is necessary that the AICPI index numbers be between January and June 2024.

These numbers will decide how much the dearness allowance of central employees will increase. Where will the calculations start? Will the dearness allowance (DA hike) which was zero (0) after 50 percent actually change or will the calculation continue beyond 50.

All these questions will definitely be in the minds of central government employees. But, their answer will have to wait till July 31, 2024. Because, the number coming on July 31 will decide how much the next DA Hike will increase. Let us understand how.

Dearness allowance is decided from AICPI numbers

Dearness allowance for central employees is decided by AICPI index i.e. CPI(IW). The Labor Bureau issues it on the last working day of every month. However, this data is delayed by one month. For example, the data for January comes at the end of February. The index numbers decide how much the dearness allowance will increase.

A formula has been given for determining dearness allowance. For central government employees, this formula is [(Average of All India Consumer Price Index (AICPI) of last 12 months – 115.76)/115.76]×100 In this the bureau collects data on many items. On the basis of this the index number is decided.

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The ‘Department of Expenditure’ of the Finance Ministry has issued a relief order for government employees. The office memorandum issued on April 1 states that if any amount has been deposited in an employee’s account under overpayment, it will not be recovered. In this case, the limit of overpayment amount has been kept at Rs 2 lakh. If money has been transferred to a government servant’s account by mistake, he will not be troubled.

If there has been overpayment, it has been made mandatory to issue an order for its recovery within a month. The Finance Ministry has cited Rule 15 of the Delegation of Financial Powers Rules (DFPR), 2024 in this matter. It states that government employees may be exempted from recovery of overpayments made by a ministry or department. However, for this the concerned department will have to follow certain conditions.

Overpayment cases go on for a long time

Cases of overpayment keep coming to light in various ministries and departments of the Central Government. In some cases notice is given soon, while in many cases the files keep rotating from one table to another for a long time. Many such cases have come to light in which an employee retires, but his overpayment case is not resolved. After retirement, recovery is demanded from him. In May 2022, the Supreme Court had said in a judgment that additional payment made to an employee cannot be recovered after his retirement on the ground that he was given increment due to some mistake.

What does the Supreme Court order say?

A bench of Justice S A Nazeer and Justice Vikram Nath had said, stay on recovery of additional payment is allowed by the courts. This is not because of any right of the employees, but under judicial discretion to save the employees from the hardship caused to them. If the additional amount has not been paid due to any misrepresentation or fraud by the employee, if the excess payment was made by the employer by applying an incorrect principle of calculation of pay and allowances or on the basis of any particular interpretation of the rule which subsequently If found incorrect, the overpayment made is not recoverable. The Supreme Court had said that a government servant, especially one in the lower ranks of the service, spends whatever amount he receives for the maintenance of his family. The Supreme Court held that where the employee knows that the payment received by him exceeds the amount due or has been wrongly paid or where the wrongful payment is soon discovered, the court will not give him relief against recovery.

As per the Office Memorandum of the Finance Ministry, the Financial Advisor ‘FA’ will send the file of overpayment to the Secretary of the concerned Ministry/Department. In that the FA will recommend that the extra payment be waived. Such cases will be dealt with under Rule 15 of the Delegation of Financial Powers Rules (DFPR), 2024. The Departmental Administrator and any other subordinate authority in the Government of India to whom powers may be entrusted by or under a special order of the President may waive recovery of the amount overpaid.

What are the conditions?

In this case the department will have to follow certain conditions. The date of issue of order for recovery of overpayment will be an important input for taking decision regarding rebate. Such order for recovery of overpayment should be issued within one month from the date of detection of overpayment. According to Rule 15 of DFPR 2024, a department of the Government of India can waive recovery of overpayment up to Rs 2 lakh.

Ministries/Departments should examine all proposals as per the provisions prescribed in Rule 15 of DFPR. They should verify that in cases of exemption, there is no serious negligence on the part of any Government servant which may require disciplinary action by a higher authority.

Financial advisors recommend discount cases

If any Ministry/Department believes that the loss caused by overpayment is due to any defect in the existing rules or procedures, it will be brought to the notice of the Department/Ministry with the authority to amend such rules or procedures. Guidelines in this regard have also been issued by DOPT.

The orders issued on 02.03.2016 by the Administrative Ministry/Department will be strictly followed while considering exemption of additional payments made to Government servants. Each case of exemption should be recommended by a financial advisor. It must be approved by the Administrative Secretary.

In cases where waiver of recovery arises from a court direction, the Ministries/Departments should satisfy themselves that there are reasonable justifications for not challenging such court direction. If any recovery, which has subsequently been waived, is due to misinterpretation of rules or procedures, the Ministry/Department will review all the cases held similarly to examine the need for waiver of recovery in future cases.

can do. In case of misinterpretation of rules or procedures, the Ministry/Department will take appropriate measures to ensure that such deficiencies are rectified. If any inquiry has been conducted to fix responsibility, the final report as well as the action taken by the Ministry may be placed on record.

If misinterpretation of rules or procedures (for example, incorrect pay fixation) remains undetected for a long time, the Ministry/Department may place on record appropriate justification as to why such cases were not noticed during regular reviews. In this matter, internal audit, etc. files should be looked into. Cases involving exemption from recovery of more than Rs 2 lakh should be referred to DoPT.

Such cases may be sent along with the filled checklist (attached to this Office Memorandum) along with a detailed note including the information given at Para-3. DoPT says that even if any recovery order has been given by the court, study it thoroughly. See that the employee keeps his word. There is no fault of his and the court order is worth challenging, so challenge it. Meaning, no harm should be caused to the government employee.

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7th pay commission latest news today: The evening of 31st March is going to be memorable for the central employees. This time, increased dearness allowance will be added to his salary. This will be 50 percent. Dearness allowance has been increased by 4 percent from January 2024. This is to be credited in the March salary. This time banks will also open on 31st March i.e. Sunday.

There will be work in banks due to the closing of the financial year. But, the bank is closed for the general public. Therefore, the salary of central employees will come on 30th or 31st March. This time, the salary that is going to come will bring more money by adding various types of allowances to it.

Why will banks open on Sunday?

March 31 is Sunday, usually a bank holiday. But, this time due to the closing of the current financial year, banks are being opened. However, the increased salary of central employees may also come on March 30. The last day of the financial year is bringing happiness for the central employees.

How much will the salary increase?

There has been an increase of 4 percent in the dearness allowance (DA) of central employees. Employees’ allowance has increased to 50 percent. It has been implemented from January 2024. In such a situation, central employees will also get arrears for two months – January and February. This means that in addition to the increased allowance for March, two months’ arrears will also be added to the March salary.

What other benefits will the employees get?
House Rent Allowance (HRA) has also increased as the allowance of central employees has reached 50%. According to the category of the city, central employees will get HRA of 30 percent, 20 percent and 10 percent.

Apart from this, there has also been an increase in other allowances, which will be given by adding it to the March salary. These include special allowance for childcare, child education allowance, hostel subsidy, travel allowance on transfer, dress allowance, gratuity ceiling, mileage allowance. However, all these allowances have to be claimed.

Now calculation will start from zero
The mathematics of Dearness Allowance (DA) of central employees is changing in the year 2024. Actually, the dearness allowance applicable from January 1 has reached 50 percent, so now the rule says that after reaching 50 percent dearness allowance, it will be merged with the basic salary and its calculation will start from zero. But, it will be calculated from the next dearness allowance. However, its numbers have started coming in.

When will dearness allowance become zero?
According to experts, the new dearness allowance will be calculated in July. Because, the government increases dearness allowance only twice a year. Approval for January has been given in March. Now the next revision is to be implemented from July 2024. In such a situation,

dearness allowance will be merged only and it will be calculated from zero. Meaning, the AICPI index from January to June 2024 will decide whether dearness allowance will be 3 percent, 4 percent or more. As soon as this situation is cleared, 50 percent dearness allowance will be added to the basic salary of the employees.

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7th Pay Commission: After 4 percent increase in Dearness Allowance (DA), central employees are now waiting for a good news. It is believed that central employees across the country may get gifts on March 30.

Lump sum money can be credited to the accounts of central employees. We are saying this because the current financial year is ending on 31st March. The dues of the employees can be cleared before the end of the financial year. It is believed that the increased salary can be credited to the employees’ accounts on March 30.

Good news will be received on March 30

The Reserve Bank of India has directed banks to open on March 30 and 31 despite it being Saturday-Sunday. It is estimated that the increased salary and arrears of the employees can be paid before the end of the current financial year. Let us tell you that the Union Cabinet recently approved 4 percent increase in dearness allowance of central employees.

Dearness allowance of employees was increased from 46 percent to 50 percent. This increase was implemented from January 2024. This means that employees will also get arrears for January-February. That means March salary will come with increased DA and two months’ arrears.

Increase in salary of central employees

Apart from DA, HRA of central employees has also increased. They will get ARA according to the category of the city. Apart from this, other allowances like child care allowance, dress allowance, travel allowance on transfer etc. have also been increased. Now the employees are waiting for when the increased salary will come into their account.

Banks will open on 30-31 March

Let us tell you that the Reserve Bank of India has issued a notification and directed to open banks across the country. Despite it being Sunday, banks will open on 31st March.
According to RBI, transactions can be done through NEFT and real time payment RTGS till 12 midnight on March 31, 2024. Special clearing operation will be conducted on 30 and 31 March 2024. The reporting window of March 31 will remain open till 12 noon on April 1, 2024.

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7th pay commission latest news: The month of March was very good for the central employees. The Union Cabinet approved 4 percent increase in dearness allowance (DA Hike). Dearness allowance has increased to 50 percent. Revision was also done in HRA. But, the happiness for the central employees did not stop here.

Apart from Dearness allowance and HRA, there are 9 such allowances, the benefit of which is being given to the central employees. These allowances have also increased.

Benefit of 50 percent dearness allowance

The increase in Dearness Allowance (DA) has also extended to other allowances. Dearness allowance was increased by 4 percent to 50 percent and HRA was also increased by 3,2,1 percent. Apart from this, Travel Allowance (TA) has also increased. The benefits of all these allowances will be available from March 31.

Which allowances increased?

There has been a huge increase in 9 allowances including dearness allowance of central employees.

•  House Rent Allowance (HRA)
• Children’s Education Allowance (CAA)
• Childcare Special Allowance
• Hostel Subsidy
• TA on Transfer (Transportation of Personal Effects)
• Gratuity Limit
• Dress Allowance
• Mileage Allowance for Own Transport
• Daily allowance

Now will the mathematics of dearness allowance change?

While implementing the 7th Pay Commission in the year 2016, the government had reduced dearness allowance to zero. According to the rules, as soon as the dearness allowance reaches 50 percent, it will be reduced to zero and the money that the employees will be getting as allowance according to 50 percent will be merged into the basic salary i.e. minimum salary.

Will go. Suppose the basic salary of an employee is Rs 18000, then he will get 50 percent DA of Rs 9000. But, once the DA is 50 percent, it will be added to the basic salary and the dearness allowance will again be reduced to zero. This means the basic salary will be revised to Rs 27,000. However, for this the government may have to make changes in the fitment also.

When will dearness allowance become zero?

According to experts, the new dearness allowance will be calculated in July. Because, the government increases dearness allowance only twice a year. Approval for January has been given in March. Now the next revision is to be implemented from July 2024. In such a situation, dearness allowance will be merged only and it will be calculated from zero.

Meaning, the AICPI index from January to June 2024 will decide whether dearness allowance will be 3 percent, 4 percent or more. As soon as this situation is cleared, 50 percent dearness allowance will be added to the basic salary of the employees.

SBI charges for withdrawing money from ATM card, know when and how much the charge has to be paid.

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For your information, let us tell you that to make changes in the salary structure of central employees, the government constitutes a Pay Commission every ten years. The salary of central employees is decided on the basis of its recommendations . So far seven pay commissions have been formed. The first pay commission in the country was formed in January 1946. Similarly, the previous i.e. seventh pay commission was constituted on February 28, 2014.

The recommendations of this commission were implemented in the year 2016. Now the central employees are eagerly waiting for the eighth pay commission. It was believed that he might get good news in the election year. But the government has once again made it clear that at present it does not have any proposal under consideration to create an eighth pay commission.

Minister of State for Finance Pankaj Choudhary, in reply to a written question in the Rajya Sabha, said that the government does not have any proposal under consideration for the formation of the 8th Pay Commission. The government has already said several times that there should be no need to constitute another Pay Commission to review the salaries, allowances and pensions given to central employees and pensioners as per the recommendations of the Seventh Pay Commission. But work should be done on a new system to review and amend the pay matrix. The government is working on a system by which the salary of employees will increase on the basis of their performance.

DA increase announced

Organizations associated with employees and pensioners are expected to constitute the eighth pay commission. At present there are about 48.62 lakh central employees and 67.85 lakh pensioners in the country . Dearness allowance is increased twice a year. Similarly, pensioners get dearness relief. The first increase in DA is for the period from January to June while the second will be for the period from July to December . Currently it is 46 percent of the basic salary.

Now more than one crore employees and pensioners of the central government have got the gift of 4 percent increase in dearness allowance payable from January 1st. The increase in DA/DR rates by 4 percent has been approved in the Union Cabinet meeting. With this increase, the current rate of DA has reached 46 to 50 percent. The rule is that if the DA rate crosses 50 percent, the pay scale and other allowances also increase. After this, central employee organizations can also put pressure on the government to constitute the Eighth Pay Commission.

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7th Pay Commission: The government of Odisha has given a big gift to its government employees before Holi. Odisha government has increased the dearness allowance for its employees to 4 percent. Employees of Odisha state will get dearness allowance increased by 4 percent.

Odisha Chief Minister Naveen Patnaik has announced 4 percent dearness allowance today (14 March). The state government has announced dearness allowance for government employees and dearness relief for pensioners. Now dearness allowance for employees in the state of Odisha has increased from 46 percent to 50 percent.

DA will be applicable from January 1

According to the information received from the Odisha state government, this dearness allowance will be implemented from January 1, 2024. Both dearness allowance and dearness relief will be applicable from January 1, 2024. This step of the state government will benefit 4.5 lakh state employees and 3.5 lakh pensioners.

Hon’ble CM announces 4% DA Hike for Govt Employees & Pensioners.

CM Sri Naveen Patnaik today announced 4% increase in Dearness Allowance (DA) and Dearness Relief (TI) for Govt employees and pensioners.

The State Government announced release of 4 percent additional dose of…

— I & PR Department, Odisha (@IPR_Odisha) March 14, 2024

The central government has given a gift of 4 percent dearness allowance to the employees. The Union Cabinet approved 4 percent increase in dearness allowance. Now employees will get 50 percent dearness allowance. This dearness allowance will be applicable from January 1, 2024.

It will be credited along with the salary at the end of March. A total of two months arrears will also be added to this. This is the fourth consecutive time that dearness allowance has increased by 4 percent. The increase in dearness allowance will increase the burden on the government exchequer by Rs 12,868.72.

Earlier 4 states increased DA

Earlier, Karnataka, Uttar Pradesh, Gujarat and Uttarakhand have given the gift of increased dearness allowance to the state employees. All these states have given the gift of 4 percent additional dearness allowance. Now the employees of these states will get 4 percent more dearness allowance.

Minimum Balance : RBI has made new rules regarding minimum balance in bank account, will be applicable from 1st.

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7th Pay Commission: Before Holi, good news has come in the form of DA/DR increase for central government employees and pensioners. Now many state governments have announced to increase the Dearness Allowance (DA Hike). Recently, Haryana, Madhya Pradesh, Chhattisgarh, Haryana, Karnataka and Bihar governments have announced DA increase of employees.

Haryana Government has announced to increase the Dearness Allowance (DA Hike) of the employees. State employees will now get 4 percent increase in dearness allowance. Now it has increased from 46 percent to 50 percent. Dearness allowance will be applicable from January 1, 2024. DA will be paid in April along with March salary.

हरियाणा सरकार ने राज्य सरकार के कर्मचारियों/पेंशनर्स/पारिवारिक पेंशनर्स को तोहफा देते हुए महंगाई भत्ते की दर में बढ़ोतरी के आदेश जारी किए हैं। यह 46 प्रतिशत से 50 प्रतिशत तक बढ़ी हुई दर 1 जनवरी 2024 से लागू होगी।

सरकारी कर्मचारियों को बढ़ा हुआ महंगाई भत्ता मार्च 2024 माह के वेतन…

— CMO Haryana (@cmohry) March 15, 2024

Jharkhand government has increased DA to 50 percent of the basic salary.

Jharkhand government has increased the DA of state government employees to 50 percent of the basic salary. Till now it was 46 percent. An official said on Tuesday (March 12) that the increase in dearness allowance will be effective from January 1 this year. In the cabinet meeting chaired by Chief Minister Champai Soren, the proposal to increase DA of state government employees and DR for pensioners was approved.

Karnataka government has increased the DA of its employees from 38.75% to 42.5%.
Karnataka government has approved to increase the DA of state government employees from 38.75% to 42.5%. In an official statement on Tuesday (March 12), it was said that dearness allowance of employees drawing central pay scale has been increased from 46 percent to 50 percent. Chief Minister Siddaramaiah said in a post on ‘X’ that this amendment will put a burden of Rs 1,792.71 crore on the state every year. This shows our commitment to our employees.

Dearness allowance of government employees increased in Chhattisgarh.

Chhattisgarh Chief Minister Vishnu Dev Sai said on Friday (March 15) that the state government has decided to increase the dearness allowance of the state employees by 4 percent in the seventh pay scale, along with the dearness allowance of the pensioners. There will also be an increase of 4 percent in relief. He said that this dearness allowance and dearness relief will be given from March 1, 2024.

Increase in DA of government employees in Bihar:

In an important cabinet meeting chaired by Bihar Chief Minister Nitish Kumar, it has been decided that dearness allowance of government employees will be increased by 4 percent. With this, DA has increased from 46 percent to 50 percent.

Madhya Pradesh government increased dearness allowance of employees by 4 percent.
Madhya Pradesh Chief Minister Mohan Yadav on Friday (March 15) announced a 4 percent increase in DA of state government employees, taking it to 46 percent. The increased DA will be paid to the employees from July 1 last year.

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7th Pay Commission DA Hike: Central government as well as state government employees are getting many special gifts before Holi. After UP, Karnataka, Arunachal, now Odisha government has also increased the dearness allowance (DA Hike) of the employees. Odisha Chief Minister Naveen Patnaik has given information about this.

The state government has increased the dearness allowance of the employees by 4 percent, after which there is going to be a bumper increase in the salary of the employees.

Now dearness allowance for employees in the state of Odisha has increased from 46 percent to 50 percent. This dearness allowance will come into effect from January 1, 2024. This step of the state government will benefit 4.5 lakh state employees and 3.5 lakh pensioners.

You may get increased salary in March

It is believed that the state government employees may get the increased salary by the end of March. Along with this, 2 months money will come in the form of arrears. The state government has increased DA by 4 percent for the fourth consecutive time.

Many states have already increased DA

Due to the increased dearness allowance by the state government, the burden on the government exchequer will increase by Rs 12,868.72. Earlier, many states including Karnataka, Uttar Pradesh, Gujarat, Arunachal Pradesh and Uttarakhand have announced increase in DA.

Lakhs of employees are getting benefits in UP also

Before this, along with the Central Government, the UP Government has also announced to increase the dearness allowance. In UP also, dearness allowance of government employees has been increased by 4 percent, after which DA in the state has increased to 50 percent. After the decision of CM Yogi Adityanath, about 28 lakh employees and pensioners of the state will get the benefit of 4 percent increased DA.

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The central government has given the gift of Holi to the central employees on 7 March 2024 (Thursday) in the evening. The government has increased the Dearness Allowance (DA) and Dearness Relief (DR) of central employees. Dearness allowance has been increased by 4 percent from 46 percent. This means that now their dearness allowance has become 50 percent.

Apart from this, the Central Government has increased the income tax exemption limit on gratuity from Rs 20 lakh to Rs 25 lakh. After these two announcements of the government, the house rent allowance ( HRA ) for employees has also increased in many cities of India. HRA has increased from 1 percent to 3 percent.

HRA is 30 percent increase in the basic salary of the employee. After the increase in HRA, the burden on the government has increased by approximately Rs 9,0000 crore. Let us know by how much HRA of employees has increased in different cities.

What is the new HRA limit?

Ever since the Central Government has increased the HRA, employees want to know how much their HRA has increased. The government has divided every city into X,Y,Z categories. City employees falling in X category get the highest HRA of 27 percent, which has now increased to 30 percent.

Similarly, Y category employees used to get 18 percent HRA, which has now increased to 20 percent. After this, the HRA of the employees falling in Z category has increased by 1 percent, that is, now their HRA has increased from 9 percent to 10 percent.

Cities falling in X category

Delhi, Ahmedabad, Bengaluru, Mumbai, Pune, Chennai and Kolkata fall in X category.

Cities falling in Y category

Cities like Patna, Lucknow, Visakhapatnam, Guntur, Vijayawada, Guwahati, Chandigarh, Raipur, Rajkot, Jamnagar, Vadodara, Surat, Faridabad, Ghaziabad, Gurgaon, Noida, Ranchi, Jammu, Srinagar, Gwalior, Indore, Bhopal. , Jabalpur, Ujjain, Kolhapur, Aurangabad, Nagpur, Sangli, Solapur, Nashik, Nanded, Bhiwadi, Amravati, Cuttack, Bhubaneswar, Rourkela, Amritsar, Jalandhar, Ludhiana, Bikaner, Jaipur, Jodhpur, Kota, Ajmer, Moradabad, Meerut, Bareilly. , Aligarh, Agra, Lucknow, Kanpur, Allahabad, Gorakhpur, Firozabad, Jhansi, Varanasi, and Saharanpur fall in Y category.

Which cities come in Z category?

Z category includes those cities which do not come in X,Y. Employees of these cities will now get HRA of 10 percent.

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Dearness Allowance Hike: After the Central Government, the Yogi Government of Uttar Pradesh has also given good news to lakhs of employees and pensioners of the state. Before the Lok Sabha elections, the government has approved increasing DA by four percent for state employees and pensioners.

The increase in dearness allowance will be implemented from January 1, 2024. Due to increase in DA, the salary of about 10 lakh state employees and eight lakh teachers will increase. Apart from this, the dearness relief allowance of 12 lakh pensioners has also been increased by four percent.

Benefits will be available from January 1st

After the state government approves the DA hike, it will be implemented from January 1. After this increase, the dearness allowance given to employees and pensioners has increased to 50 percent. At present employees get 46 percent dearness allowance of basic salary. This decision of the government will put an additional burden of about Rs 314 crore on the state treasury. This announcement can benefit the government before the Lok Sabha elections.

Currently 46 percent DA and DR

In the coming days, announcements regarding DA hike can be made by more state governments. At present, UP government employees and pensioners get DA/DR at the rate of 46 percent. State employees are expected to be paid DA at the increased rate in April. Apart from this, arrears for January and February will also be paid to the employees. Earlier in the Modi Cabinet meeting, it was decided to increase the DA of central employees and pensioners.

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7th Pay Commission DA and HRA Hike: Today Modi government has given 2 big gifts to the central employees. Modi government has announced to increase DA of employees. The government has increased the DA of central employees by 4 percent to 50 percent. Along with increasing DA to 50 percent, the government has also increased the House Rent Allowance (HRA) given to central employees. The government has provided a big benefit to the government employees before the Lok Sabha elections by increasing DA and HRA.

Government increases DA twice a year

DA and DR are increased twice a year, effective from January and July. In the last increase in October 2023, DA was increased by 4 percent to 46 percent. Considering the current inflation rate, the government has increased DA by 4 percent from 46 percent to 50 percent. This decision of the government will benefit 1 crore employees and pensioners of the country.

Now you will get this much HRA

Now it has also been recommended that when DA reaches 50%, the government has revised the HRA rates to 30%, 20% and 10% of basic salary in cities X, Y and Z respectively. House rent allowance given to employees depends on the category of that city. In which they live. HRA for X, Y and Z type cities was 27%, 18% and 9% respectively, which has been increased to 30%, 20% and 10%.

HRA increased due to 50 percent DA

Central government employees get House Rent Allowance (HRA), which depends on where they live. As per the recommendations of the 7th Pay Commission, HRA for Class When DA reached 25%, as per the recommendations of the 7th Pay Commission, the HRA rates in cities X, Y and Z were revised to 27%, 18% and 9% of the basic salary. Now after DA reaching 50 percent, the government has again revised it.

You will get 2 months DA arrears

The DA increase made by the government will be considered effective from January 1, 2024. That is, the DA arrears of two months January and February will also be included in the March salary. The salary coming in March will come with increased DA of three months. Bumper salaries of the employees are going to come on 31st March, the last day of the financial year.

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7th Pay Commission, DA Hike: Government employees may get good news soon. According to various media reports, the government may announce a four percent increase in Dearness Allowance (DA) for central government employees in the next month i.e. March 2024. Dearness allowance for employees and pensioners is decided every month on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) released by the Labor Bureau.

The increase in DA will be as per the approved formula based on the recommendations of the 7th Central Pay Commission. In October 2023, the Cabinet had last increased DA for government employees and Dearness Relief (DR) for pensioners by four percent. With that four percent increase, DA increased from 42 percent to 46 percent. Then, 48.67 lakh central government employees and 67.95 lakh pensioners benefited from the increase in DA.

Happiness for people from other departments too

Earlier, Diwali bonus for Group C and non-gazetted Group B level officers including paramilitary forces was approved by the government. For 2022-2023, the Finance Ministry had set a limit of ₹7,000 for calculating non-productivity linked bonus (ad-hoc bonus) for central government employees.

The government takes the decision to increase DA based on the inflation rate of the country. If inflation is high, DA will probably be increased further. The DA and DR increase is determined by the percentage increase in the 12-month average of the All India Consumer Price Index (AICPI) for the financial year.

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7th Pay Commission latest news 2024: Dearness allowance of central employees will increase in March. This will increase by 4 percent. The total dearness allowance will reach 50 percent. But, the calculation after this will change. After the increase in DA in March, it will be calculated in a new way.

The figures for calculation of the next dearness allowance will start coming from February 29. The calculation of increase in dearness allowance (DA Hike Calculation) in July 2024 will be done using a new method or rather a new formula. There is a reason behind this, in fact after reaching 50 percent dearness allowance it will be reduced to zero (0).

Central employees are currently getting 46 percent dearness allowance. It is clear from the recent AICPI index data that this time also DA has increased by 4%. However, it is yet to be approved by the Union Cabinet. Employees will get the benefit of increased DA from April salary. But, it will be implemented from January 1, 2024.

Meanwhile, the next preparations have started. After January, the next increase in dearness allowance will be in July 2024. There may be changes in the calculation of this dearness allowance. Because, after 50 percent dearness allowance, it will be reduced to zero and the calculation of new dearness allowance will start from 0.

What is dearness allowance?

Central and state government employees get Dearness Allowance (DA) to improve their cost of living. Dearness allowance is calculated in proportion to inflation. DA is kept as part of the salary structure as an allowance to the employee to improve his standard of living. Dearness Allowance (DA) is given to central employees and public sector employees and dearness relief to pensioners. The same structure applies in the states also.

DA is calculated from the new series of base year.

The Labor Ministry had also changed the formula for calculating dearness allowance after the implementation of the 7th Pay Commission in the year 2016. The Labor Ministry changed the base year of dearness allowance in 2016 and released a new series of Wage Rate Index (WRI-Wage Rate Index). The Labor Ministry said that the new series of WRI with base year 2016=100 replaced the old series with base year 1963-65.

How is dearness allowance calculated?

The amount of dearness allowance is calculated by multiplying the current rate of dearness allowance of the 7th Pay Commission with the basic pay. The current rate is 46%, if your basic pay is Rs 56,900 DA (56,900 x46)/100. Percentage of dearness allowance = Average of CPI of last 12 months – 115.76. Now whatever comes will be divided by 115.76. The number obtained will be multiplied by 100.

How to calculate how much DA will be given on salary?

For salary calculation under 7th Pay Commission (7th Pay Commission Salary hike), DA will have to be calculated on the basic salary of the employee. Suppose the minimum basic salary of a central employee is Rs 25,000, then his dearness allowance (DA calculation) will be 46% of Rs 25,000. 46% of Rs 25,000 i.e. total will be Rs 11,500. This is an example. Similarly, people with other salary structures can also calculate it according to their basic salary.

Tax is levied on dearness allowance

Dearness allowance is fully taxable. Under the income tax rules in India, separate information about dearness allowance has to be given in the Income Tax Return (ITR). Meaning, the amount you receive in the name of dearness allowance is taxable and tax will have to be paid on it.

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After the 4% DA hike, dearness allowance and dearness relief will increase to 50 per cent.

The quantum of hike in DA and dearness relief (DR) is decided by the central government on the basis of the All-India CPI-IW data.

The 12-month average of the Consumer Price Index for Industrial Workers (CPI-IW) stood at 392.83. As per this, DA is coming to 50.26 per cent of the basic pay.

DA is given to government employees, while DR is given to pensioners. DA and DR are hiked twice a year — January and July.

In the last hike in October 2023, the DA was increased by 4 per cent to 46 per cent. Given the current inflation rate, the next DA hike is expected to be 4 per cent.

According to the official data, there are 47.58 lakh central government employees and 69.76 lakh pensioners. After the upcoming DA hike, these employees and pensioners will be benefitted.

Formula For central government employees:

Dearness Allowance per cent = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76) *100

AICPI stands for All India Consumer Price Index.

Formula For public sector (central government) employees:

Dearness Allowance per cent = ((Average of AICPI (Base Year 2016=100) for the past 3 months -126.33)/126.33) *100.

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Giving a big gift to PF account holders, Employees Provident Fund Organization (EPFO) on Saturday announced increase in interest rates, it has now been increased to 8.25 percent. After the increase in interest on PF in the election year, now an increase in Dearness Allowance (DA Hike) is being expected soon.

If reports are to be believed, the government may take a major decision on this in March 2024. If this happens, then the DA given to central employees will be 50 percent.

Interest on PF increased, expectation of DA increased

The Central Board of Trustees (CBT) of EPFO has announced the new interest rate for the Employees Provident Fund (EPF) account for the financial year 2023-24. EPFO has given a gift to about 7 crore employees of the country and has increased it to 8.25 percent.

According to PTI, PF account holders will now get 0.10 percent more interest than before. On March 28 last year, EPFO had announced an interest rate of 8.15 percent for Employees Provident Fund (EPF) accounts for 2022-23. With the increase in PF interest rate, the expectation of DA hike has also increased among the central employees.

4% DA hike expected in March

The government increases the dearness allowance of employees twice a year and the DA Hike for the January-June half year is expected to be announced in March 2024. If reports are to be believed, this time the government can give a gift of 4 percent DA Hike to the central employees before the elections and it can be announced next month.

Let us tell you here that this expectation is being expressed on the basis of various reports, whereas no official comment has been made by the government in this regard yet. But if there is an increase of 4 percent in DA, then there will be a bumper increase in the salary of the employees. At present the DA of central employees is 46 percent, which can be increased to 50 percent.

Along with DA, increase in HRA is also possible

On one hand, a 4 percent increase in dearness allowance of central employees is being expected and if this happens, then the employees will get its benefit from January 1, 2024. Along with this, when the dearness allowance reaches 50 percent, there may also be an increase in the house rent allowance given to the employees.

In the month of July 2021, when DA crossed 25 percent, an increase of 3 percent was seen in HRA and it was increased to 27 percent. In such a situation, HRA hike is once again expected when DA is 50 percent and if reports are to be believed, it can be increased to 30 percent.

Revision is done twice a year

The government revises the dearness allowance given to central employees twice a year. The benefits of which are given to them from 1st January and 1st July. Talking about its calculation, Dearness Allowance or DA is an important part of the salary of the employees and the increase in it has a direct impact on the salary received by the employees. It is determined on the basis of inflation rate.

The higher the inflation, the higher the increase in DA of employees is expected. All India CPI-IW for December 2023 declined by 0.3 points to 138.8. On this basis, it is being estimated that the government may increase DA by 4 percent.

If DA is increased, salary will increase by this much

If we look at the salary hike calculation of central employees after DA Hike, if a central employee gets a basic pay of Rs 18,000, then the dearness allowance of the employee is currently Rs 8,280 at the rate of 46 per cent, whereas after an increase of 4 per cent in it, If calculated according to 50 percent, it will increase to Rs 9,000. That means, there will be a direct increase of Rs 720 in his salary.

If we calculate it on the basis of maximum basic pay, then an employee getting Rs 56,900 gets DA of Rs 26,174 at the rate of 46 per cent, if it is 50 per cent then the figure will become Rs 28,450. That means the salary will increase by Rs 2,276.

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Giving a big gift to PF account holders, Employees Provident Fund Organization (EPFO) on Saturday announced increase in interest rates, it has now been increased to 8.25 percent. After the increase in interest on PF in the election year, now an increase in Dearness Allowance (DA Hike) is being expected soon. If reports are to be believed, the government may take a major decision on this in March 2024. If this happens, then the DA given to central employees will be 50 percent.

Interest on PF increased, expectation of DA increased

The Central Board of Trustees (CBT) of EPFO has announced the new interest rate for the Employees Provident Fund (EPF) account for the financial year 2023-24. EPFO has given a gift to about 7 crore employees of the country and has increased it to 8.25 percent.

According to PTI, PF account holders will now get 0.10 percent more interest than before. On March 28 last year, EPFO had announced an interest rate of 8.15 percent for Employees Provident Fund (EPF) accounts for 2022-23. With the increase in PF interest rate, the expectation of DA hike has also increased among the central employees.

4% DA hike expected in March

The government increases the dearness allowance of employees twice a year and the DA Hike for the January-June half year is expected to be announced in March 2024. If reports are to be believed, this time the government can give a gift of 4 percent DA Hike to the central employees before the elections and it can be announced next month.

Let us tell you here that this expectation is being expressed on the basis of various reports, whereas no official comment has been made by the government in this regard yet. But if there is an increase of 4 percent in DA, then there will be a bumper increase in the salary of the employees. At present the DA of central employees is 46 percent, which can be increased to 50 percent.

Along with DA, increase in HRA is also possible

On one hand, a 4 percent increase in dearness allowance of central employees is being expected and if this happens, then the employees will get its benefit from January 1, 2024. Along with this, when the dearness allowance reaches 50 percent, there may also be an increase in the house rent allowance given to the employees.

In the month of July 2021, when DA crossed 25 percent, an increase of 3 percent was seen in HRA and it was increased to 27 percent. In such a situation, HRA hike is once again expected when DA is 50 percent and if reports are to be believed, it can be increased to 30 percent.

Revision is done twice a year

The government revises the dearness allowance given to central employees twice a year. The benefits of which are given to them from 1st January and 1st July. Talking about its calculation, Dearness Allowance or DA is an important part of the salary of the employees and the increase in it has a direct impact on the salary received by the employees. It is determined on the basis of inflation rate.

The higher the inflation, the higher the increase in DA of employees is expected. All India CPI-IW for December 2023 declined by 0.3 points to 138.8. On this basis, it is being estimated that the government may increase DA by 4 percent.

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As per the notice released on the Commission’s website upsc.gov.in, to avoid last minute rush for Assistant Provident Fund Commissioner (APFC), Enforcement Officer (EO) and Accounts Officer (AO) Examination 2023, candidates are requested to apply as early as possible. Submit your application form.

UPSC will end the recruitment process for the post of Assistant Provident Fund Commissioner (APFC), Enforcement Officer (EO) and Accounts Officer (AO) for the Employees’ Provident Fund Organization (EPFO) tomorrow, March 17, 2023. Through this recruitment drive, 577 posts will be filled in the organization. Interested candidates can apply online for these posts by visiting this official website upsc.gov.in or upsconline.nic.in.

UPSC EPFO ​​2023 Vacancy Detail: Vacancy Detail

1. Enforcement Officer (EO) and Accounts Officer (AO): 418 Posts
2. Assistant Provident Fund Commissioner (APFC): 159 Posts

UPSC EPFO ​​2023 Selection Process: Selection Process

The selection process for these posts will be based on pen-and-paper test and interview. The exam will be conducted in offline mode. Objective type questions of total marks of 100 marks will be asked in the exam, for which 2 hours will be given.

UPSC EPFO ​​2023 Age Limit: Age limit

The minimum age limit to apply for any post is 18 years and maximum age is 35 years.

UPSC EPFO ​​2023 Pay Scale:

The selected candidate for the post of Pay Scale Enforcement Officer and Accounts Officer will be given salary under Level – 08 Pay Matrix as per 7th CPC. Whereas, Assistant Provident Fund Commissioner will get salary under Level-10 as per 7th CPC.

UPSC EPFO ​​2023 Application Fee: Application Fee:

SC/ST/PWD/Women candidates can apply for free, while General/OBC/EWS category candidates will have to pay an application fee of Rs 25.

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7th Pay Commission Latest News Today: An announcement is going to be made soon by the central government on increasing the dearness allowance of the employees. It is expected that this dearness allowance, which will be implemented from January 1, will be announced before Holi.

Apart from this, news is coming to give another relief to the government employees. Karnataka Chief Minister Basavaraj Bommai said that the government is preparing to implement the Seventh Pay Commission, for which Rs 6,000 crore has been earmarked. Earlier it was discussed that the government will implement the new rule from January 1.

The rule will be applicable from the new financial year

CM Bommai said that according to the Seventh Pay Commission, the report of change in the salary of the employees will be presented by the committee headed by former Chief Secretary Sudhakar Rao.

After presenting the state budget for the financial year 2023-24, the CM said that the additional amount would be provided in the supplementary budget.
He stressed that the report of the Seventh Pay Commission will be implemented from the new financial year itself. This is a blow for those who were expecting it to be implemented from January 1.

Interest-free loan up to 5 lakh

He said that the committee will present an interim or final report, on which immediate action will be taken by the government. Earlier, in order to make the farmers financially strong, Chief Minister Basavaraj Bommai had increased the limit of interest-free loan given to farmers from Rs 3 lakh to Rs 5 lakh.

Apart from this, provision has been made for need-based loan facility for activities related to agriculture. Bommai said that the government has decided to give an additional subsidy of Rs 10,000 in the year 2023-24 to the ‘Kisan Credit Card’ holders under a new scheme ‘Bhu Shree’.

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7th Pay Commission Fitment Factor: The new year has started, with this everyone hopes that this year will bring new happiness and prosperity for them. Yes, with the new ray of the new year, a big update is also coming for the central employees. Under this update, the salary of more than 52 lakh central employees can be seen to increase soon.

Earlier, by the end of 2022, the government was expected to take a decision on the fitment factor. But it got postponed due to some reason, now the new year can be a decision regarding this. The demand from the government to revise the fitment factor soon can be accepted.

Several rounds of meetings have taken place regarding this.

In fact, there has been a demand from the central employees for a long time to change the fitment factor. On this, sources claim that several rounds of meetings have been held regarding this.

According to the news, the government is planning to implement this before 2024 and it can be announced to be implemented in March 2023 after the budget. This gets implemented from the side of the government, there will be a bumper jump in the salary of the central employees. At present, the government is focusing fully on making the budget populist.

important role of fitment factor in salary

Let us tell you that the fitment factor has an important role in the salary of government employees. Changes in this affect the entire salary. At present, central employees get salary according to the fitment factor of 2.57 percent. There has been a demand from the central employees for a long time to increase it to 3.68 percent. The dearness allowance of central employees is also expected to be increased from 38 percent to 42 percent in March.

At present, the minimum salary of the employees is Rs 18,000. After the decision on the fitment factor, it will increase to Rs 26,000. No information has been given by the government regarding all this. According to the fitment factor of 2.57 percent, now by adding other allowances to the basic salary of Rs.18000, we get Rs.18,000 X 2.57 = Rs.46260. But if it increases to 3.68 percent, then by adding other allowances to the employees, the salary will be 26000 X 3.68 = Rs 95680.

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In this scheme, which will be implemented from September 1, POPs will be able to get a minimum of Rs 15 and a maximum of Rs 10 thousand. This commission will be available to the POP when the subscribers opt to remit the money directly from their account to the concerned entity under the ‘All Citizen Model’.

PFRDA’s move will give a boost to PoP

The purpose of this move is to provide compensation to Point of Presence (PoP) facilitators of opening NPS accounts, who are suffering losses in terms of charges. POPs include banks, NBFCs and other entities.

They provide related services to the subscribers along with the registration under NPS. The Pension Fund Regulatory and Development Authority (PFRDA) said that this move will give a boost to POPs as they try hard to open an NPS account. As per the information released by PFRDA, it has been decided to pay commission of 0.20% on the invested amount with effect from September 1, 2022, to support the efforts of expansion of NPS.

The pension regulator said, the transfer of money directly from the bank account to the agency concerned for contribution to NPS is like e-NPS. The commission on this will be given to the concerned POP.

The commission to be paid to the POP for a fixed period on direct transfer will be 0.20 percent of the contribution amount. The minimum commission amount will be Rs 15, in this way it will be at least Rs 15 and maximum Rs 10 thousand. This commission will be charged from the customer at fixed intervals after deducting the number of units he has invested.

The facility to transfer funds directly to the agency concerned has been introduced as a customer-centric approach. If the Trustee Bank receives the contribution amount before 9.30 am, it optimizes the investment returns of the customers by offering the same day Net Asset Value (NAV).

The post NPS Account Big News: New facility of PFRDA, 10 thousand rupees commission will be available on opening NPS account from next month! first appeared on Rightsofemployees.com.