seventh Pay Fee: Do not Miss! What authorities staff ought to find out about wage hike, DA launch, arrears clearance
The latest news from the 7th Wages Commission today: A series of news items for state and central government officials have been received, and some members of the armed forces and many more may be in sight in January 2021. Here we list the 7th on CPC Pay Linked Bonanza for Government Employees that has been on the news for the past few years:
7. CPC windfall for government employees
In a double stroke of luck, the government employees of this state were rewarded with salary increases and arrears from January. Government employees in this state were granted double the bonus based on the 7th CPC compensation system. The Chhattisgarh government approved a raise and a 6-month backlog for state government employees. This must have been a much-needed relief in the troubled times of the Covid-19 pandemic.
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7. CPC content from effective
The increased salary will take effect from January 2021, according to a press release from Chhattisgarh’s finance department. In addition, these employees will receive arrears from July 1, 2020 to December 31, 2020, for which the treasury will bear the cost of 300 billion rupees.
7. CPC Dearness Allowance Hike?
Similarly, it has been reported in the media that central government employees are expected to see the 7th Wage Commission-linked Love Allowance (DA) increase by four percent, expected in January 2021 itself. This increase is expected to be in line with the accepted formula based on the recommendations of the 7th Central Wage Commission.
7. CPC allowance
In the last week of December 2020, the Modi government decided to extend the “Invalidity Allowance” to all servants if they are disabled while performing their service and remain on duty despite such disability.
Relief for CAPF
7th CP DA hike in 2020
At the beginning of March 2020, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved an additional installment from DA to central government employees and Dearness Relief (DR) to pensioners from 01/01/2020 in connection with the 7th Wage Commission. There will be a 4 percent increase over the existing rate of 17 percent of the basic salary / pension to offset the price increase, the Treasury Department announced.
DA Hike Impact
The combined Treasury impact due to Dearness Allowance and Dearness Relief was estimated to be Rs.12,510.04 billion per year and Rs.14,595.04 billion per year for fiscal year 2020-21 (for a 14 month period from January 2020 to February 2021) Year fixed. The decision will benefit approximately 48.34 lakh central government employees and 65.26 lakh retirees.