These reforms are set to benefit countless employees who were previously unable to access their EPS contributions due to short job tenures
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs 12,869 crore per annum. The impact would be
About 47.14 lakh central government employees and 68.62 lakh retirees will profit from this.
With buoyant revenue, the union government can pay the DA arrears of its employees in a few installments.
1.6 lakh state government employees and 1.5 lakh pensioners to benefit from the hike that is effective July 1
The chief minister of Gujarat Nitin Patel said that on the existing rate of 17% of the basic salary the government has increased more 11%
Centre increased the dearness allowance and dearness relief for government employees and pensioners to 28% of basic pay from 17% effective from 1 July
DA News: The total burden on the government to fund this increase will be around Rs 34,000 crore
In view of the Covid-19 pandemic, the government had frozen the three additional instalments of the DA and DR
7th Pay Commission: The Central government is likely to announce restoring of DA and DR benefits for its employees today