7th Pay Commission: Don't Miss! What government employees should know about salary hike, DA release, arrears clearance
7th Pay Commission latest news today: A number of news have come in for government employees at state and central government level and some members of the forces and many more may be in the offing in the month of January, 2021.
7th Pay Commission latest news today: A number of news have come in for government employees at state and central government level and some members of the forces and many more may be in the offing in the month of January, 2021. Here we list the 7th CPC pay linked bonanza for government employees that has been in the news in recent period:
7th CPC Windfall for Government Employees
In a double windfall, the government employees of this state have been rewarded with salary hike as well as arrears from January. The government employees in this state had their double bonanza cleared based on 7th CPC pay system. The Chhattisgarh government approved hike in salary along with arrears of 6 months for the state government employees. This must have come as much-needed relief during the difficult times of Covid 19 pandemic.
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7th CPC Salary To Be Effective From
The increased salary will be effective from January 2021, a press release issued by the Chhattisgarh Finance department clarified. Furthermore, these employees will also get arrears from July 1, 2020, to December 31, 2020, for which the state exchequer will bear the cost of Rs 300 crore.
7th CPC Dearness Allowance Hike?
In a similar development, it has been reported in the media that the central government employees are expected to get four percent increase in 7th Pay Commission linked dearness allowance (DA) which is expected in January 2021 itself. This increase is expected to be in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
7th CPC Allowance
In the last week of December 2020, the Modi government decided to extend "Disability Compensation" for all serving employees, if they get disabled in the line of duty while performing their service and are retained in service in spite of such disablement.
Relief for CAPF
7th CP DA Hike in 2020
Earlier in March 2020, the Union Cabinet, chaired by the Prime Minister Narendra Modi had approved to release an additional instalment of DA to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2020 as linked to 7th Pay Commission. There will be an increase of 4 percent over the existing rate of 17 percent of the Basic Pay/Pension, to compensate for price rise, the Ministry of Finance had informed.
DA Hike Impact
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief was fixed at Rs 12,510.04 crore per annum and Rs 14,595.04 crore in Financial Year 2020-21 (for a period of 14 months from January, 2020 to February, 2021). The decision benefits about 48.34 lakh Central Government employees and 65.26 lakh pensioners.
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