7th Pay Commission, 7th CPC latest news today: Now, Diwali gift for government employees, pensioners in this state; pay jumps by up to Rs 12,500 pm
7th Pay Commission, 7th CPC latest news today: The state government employees of Bihar will get a hike in Dearness Allowance (DA) before Diwali! Deputy Chief Minister Sushil Kumar Modi said that the state government will soon give Diwali and Chhath Puja gifts to government employees. The minister said that the employees will get 5 per cent additional Dearness Allowance along with the salary for the month of October. Dearness Relief for pensioners to has been hiked.
Increase in 7th Pay Commission (7th CPC) based DA
This time the DA for central employees was increased by 5%, which is the highest in 3 years. The reason for this is the rise in inflation in AICPI during January to June 2019. Inflation in the AICPI figures for January to June has increased by more than 5%. The revised salary will have an increase from Rs 900 to Rs 12,500 per month.
Revised salary will come on 25th October
The guidelines have been issued to start giving salary from October 25, before Diwali and Chhath Puja. However, normally the salary of the employees comes on the first date of the month, but in view of two big festivals it has been decided to give it in advance.
Financial burden on government
Modi also said that on the lines of the central government, the state government has decided to give five per cent additional Dearness Allowance based on 7th Pay Commission to its employees and pensioners. The state government has issued guidelines to the finance department in this regard. However, with the additional Dearness Allowance, the burden of the state government is estimated to be Rs 1,048 crore.
Note: Zee Business brings to you an exclusive line up of programming for Diwali 2019 with experts, insights & sharp acumen under Zee Business Damdar Diwali show. A Diwali treat for you! Starting soon from October 14 only on Zee Business.in.