4% increase in dearness allowance

In fact, despite the poor financial condition, the Dearness Allowance of the employees has been increased by 4% by the Uttar Pradesh Power Corporation. Orders have been issued for this. Electricity employees will be given the benefit of dearness allowance at the rate of 42 per cent at the same rate as central employees. Please tell that at present the benefit of 38 percent dearness allowance is being given to the electricity employees. And now his dearness allowance has been increased by 4 percent.

They will get benefit

This information was given by Uttar Pradesh Power Corporation Chairman M Devraj on Monday. Employees of all distribution companies of Uttar Pradesh Power Corporation, State Power Generation Corporation, Transmission Corporation, Jal Vidyut Nigam will also get the benefit of increase in dearness allowance.

37000 benefits to permanent employees

According to the information, there are about 37000 permanent employees including all these companies. Those who will be given the benefit of increase in dearness allowance. Arrears from January to May will be paid into the PF account of the employees. On the other hand, the salary of June which will be received in July, along with the benefit of DA increase, will be made available to them in cash.

Dearness allowance of UP employees was increased

The dearness allowance of the employees was increased by the Uttar Pradesh government. Orders were issued for this. The increase in dearness allowance for the employees was seen in the month of May. However, the employees were waiting for an increase in dearness allowance for a long time.

After the announcement of the increase in the month of March by the central government, it was believed that in the month of April, the Uttar Pradesh government could give a big gift to its employees. However, dearness allowance for the employees was increased by 4 per cent in the month of May. Also the arrears were to be paid in EPF. Dearness allowance has been increased for the employees of Jal Nigam, including the power sector.

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Employees get the gift of Dearness Allowance twice every year. Dearness allowance is to be announced for the first time in this year. It is expected that there will be an increase of 3% in his DA. In such a situation, his total DA will reach 41%. Right now he is getting 38% DA. As soon as the dearness allowance is announced, there will be a big jump in the salary of central government employees.

Dearness Allowance (DA) will be increased by 41%

Dearness allowance news for January 2023 will be announced in January. It is expected to get approval from the cabinet in March. It is clear from the inflation figures of industrial workers that have come so far that there will be an increase of 3%. Earlier, the dearness allowance of July 2022 was announced, in which there was an increase of 4 percent. Due to rising inflation, the employees also got the gift of higher dearness allowance to deal with it. His DA was increased from 34 per cent to 38 per cent.

How much will the salary increase due to 3 percent increase?

According to the pay matrix of the 7th Pay Commission, the basic salary range of Central employees at Level-3 ranges from Rs 18,000 to Rs 56,900. If DA Hike increases by 3% in January, then the total DA will reach 41%.

Calculation at 41% DA

1. Basic salary of the employee Rs 18,000
2. Estimated DA (41%) Rs 7,380/month
3. New DA (38%) Rs 6,840/month
4. By how much DA increased 7380–6,840 = Rs 540/month
5 Increase in annual salary 540X12 = Rs 6,480

This means that the salary of every employee drawing a basic salary of Rs 18,000 will increase by Rs 540. On annual basis it will be Rs.6480. 

If you look at the maximum salary bracket, then how much money will increase?

Calculation at 41% DA

1. Basic salary of the employee Rs 56,900
2. Estimated Dearness Allowance (41%) Rs 23,329/month
3. Dearness Allowance till now (38%) Rs 21,622/month
4. How much Dearness Allowance increased 23,329-21,622= Rs 1,707/month
5. Increase in annual salary 1,707X12 = Rs 20,484

The salary of the employees coming in the maximum basic salary bracket of Level-3 will increase by Rs 1707 every month. There will be an increase of Rs 20,484 on an annual basis.

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The same will see an increase in their salary up to Rs.8000. Not only this, they will be paid arrears of 6 months. Let us inform that before this the dearness allowance of the employees has been increased from 34 to 38 percent. Earlier, the dearness allowance of the employees was increased by 4% by the Uttar Pradesh government. At the same time, they are getting the benefit of 38 percent dearness allowance equal to that of the central government.

Now DA at the rate of 38 percent will also be made available to the employees of Housing Development Council. The DA of the employees will see an increase from Rs 800 to Rs 8000. The allowance will be effective from July 2022.

Development under 8 City Challenge Plan

A decision on this has been taken in the meeting of the Uttar Pradesh Housing Development Council. Along with this, preparations are being made to make major changes in the Ayodhya scheme. This scheme will be completely changed. Preparations have been made to develop it under the 8 City Challenge scheme of the Central Government. Under this, a grant of thousands of rupees will be given by the central government. At the same time, to get Rs 1000 crore, the housing department will have to make changes in this scheme. 15% green area can be increased to 23%.

Many other proposals also approved

Apart from this, many other proposals have also been approved in the meeting. Now the plot allotment policy for Math, Charitable Trust and Religious Institution has also been approved by the Board. Giving information in this matter, Additional Housing Commissioner and Secretary Neeraj Shukla said that now plots will be allotted for Math, Charitable Trust and religious institution.

Under this policy, the rate of plot allotted for Math, Charitable Trust will be one and a half times higher than the rate of residential plot. Along with this, 12 percent freehold fee will also be added to its cost. Not only this, in case of a corner plot, it will be necessary to pay 10 percent additional fee.

Plots will be allotted to registered institutions only.

Allotment of plot to charitable trust and religious institution registered for more than 3 years for not-for-profit company under Indian Trust Act 1882 and Indian Companies Act 2013. Along with this, the founder members of the institutions are honored with the Bharat Ratna Padma Award, then such institutions will be given priority in the allotment of plots.

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That means from a week onwards his Dearness Allowance (DA) will be 38 percent. In March, the Central Government had increased the Dearness Allowance (DA Hike) by 3 per cent to 34 per cent. Earlier, DA was being paid at the rate of 31 per cent. Now with an increase of 4 percent, it will reach 38 percent.

Good news for more than 1 crore employees and pensioners

The Labor Ministry had released the figures for the first half of the AICPI (All India Consumer Price Index). These include the number from January to June. The AICPI index has reached 129.2 points in June. It is clear from this that the dearness allowance will increase by 4 percent in the increase for July 2022. Experts have also claimed that after increasing by 4 per cent, DA will be 38 per cent. More than 1 crore central employees and pensioners will get its direct benefit.

DA as for AICPI data

The Labor Ministry releases the AICPI data for the previous month at the end of every month. In this, in comparison to the index inflation, it shows how much allowance should be given to the employees to deal with inflation. It is clear from the figures of the first half that there should be an increase of 4 percent in DA. Meaning the total DA will increase to 38 percent. The employees union is also hopeful that a decision will be taken on this by the end of September. This will give a big relief to the central workers.

Whose salary will increase?

Calculation on 7th CPC Minimum Salary Rs 18000

1. Basic salary of the employee Rs 18,000
2. New dearness allowance (38%) Rs 6840/month
3. Dearness allowance so far (34%) Rs 6120/month
4. How much dearness allowance increased 6840-6120 = Rs 720/month
5. Increase in annual salary 540X12 = Rs 8640

Calculation on 7th CPC maximum salary Rs 56900

1. Basic salary of the employee Rs 56900
2. New dearness allowance (38%) Rs 21622 / month
3. Dearness allowance so far (34%) Rs 19346 / month
4. How much dearness allowance increased 21622-19346 = Rs 2276 / month
5. Increase in annual salary 1707X12 = Rs 27312

Note: This is an estimate based salary, the final salary will be made only after adding allowances like HRA to it.

Benefit will also be available in other allowances

By the end of the year, only Dearness Allowance for central employees will not increase. Rather, other allowances will also increase. This includes Travel Allowance and City Allowance. At the same time, there will be an increase in Provident Fund and Gratuity for retirement. This is because, the increase in dearness allowance affects all these allowances.

HRA is not included in the calculation

Under the 7th CPC, according to the dearness allowance of 38 percent, the total annual dearness allowance on the basic salary of Rs 56900 will be Rs 259,464. But, if we talk about the difference as compared to 34 percent, then the annual increase in salary will be Rs 27312. However, the calculation of how much the final salary will be will be known after adding other allowances including HRA. This simple calculation has been done for an idea only.

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First, their dearness allowance is set to increase by the end of September. Talks are also likely to be made in talks with the government on the second DA arrears. However, the government is not in favor of giving arrears. At the same time, the interest money of Provident Fund will also be credited in the accounts till Diwali from EPFO. Private sector employees will also get the benefit of EPF interest.

DA will increase by 4%, DR The government is also going to give benefits to central employees in Dearness Allowance (DA) and Dearness Relief (DR). It is expected that their dearness allowance is going to be announced by the end of September 2022. The current dearness allowance rate is 34 per cent. It is set to increase by 4%.

This means that in the coming months, the total payment to the central employees will be from 38%. Along with this, he can also get arrears of two months along with the salary of September. If sources are to be believed, the government can announce it during Navratri. If this happens, the employees will get DA at the rate of 38 percent. At the same time, the DR of pensioners will also reach 38 percent.

DA Arrear can also get money!

Central employees are happy that their dearness allowance has reached 38 percent. The DA, which was frozen in May 2020, was reinstated from July 2021. But, in the meantime the arrears of one and a half years were not given. This is a pretty hefty amount. The government had clarified in the Rajya Sabha that dearness allowance for one and a half years was frozen. In such case arrears will not be paid.

From July, dearness allowance is being given with increased rates. But, since then the union has been continuously trying to discuss with the government the demand for DA arrears. Talks have taken place many times, but no solution has been found. Different employee organizations are claiming that this time their demand can be fulfilled. The government can find some solution for this.

Employees’ Provident Fund Organization (EPFO) will credit the interest money in the EPF accounts of the subscribers before the festivals. The process has started. By the end of October, interest at the rate of 8.1 percent will be added to everyone’s account. In such a situation, they can also get a gift around Diwali. Let us tell you, EPFO ​​pays interest on the EPF amount for every financial year. In the current financial year, interest has been fixed at the rate of 8.1 percent.

How much interest was received in which year?

2013-14 8.75 percent
2014-15 8.75 percent
2015-16 8.80 percent
2016-17 8.65 percent
2017-18 8.55 percent
2018-19 8.65 percent
2019-20 8.50 percent
2020-21 8.10 percent

Know PF balance by giving missed call

You can check PF balance by just making a missed call. For this, you have to make a missed call on 011-22901406 from the mobile number registered in your PF account. After this you will get a message in which you will get information about the PF money present in your account.

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