7th Pay Commission Latest news: The next month i.e. August is going to bring many good news for the central employees. From the DA hike, to the outstanding DA arrears and PF interest, there is going to be an increase. Let’s know the biggest update.
7th Pay Commission Latest Update: The next month can bring many good news for the central employees. This time the salary of the employees is expected to increase from three sides. The government is preparing to give 3 big gifts (7th Pay Commission). The first gift is about the Dearness Allowance ( DA ) of the employees , as it is expected to increase by 5 to 6 percent once again. The second gift is about the outstanding DA arrears. It is expected that a decision can come on the ongoing talks with the government regarding this subject. At the same time, the third gift is related to Provident Fund (PF), under which interest money can come in the PF account this month.
Then dearness allowance will increase!
Actually, the increase in DA depends on the data of AICPI. The AICPI index has jumped in March, April, and May 2022, after which it is certain that the government can increase dearness allowance (DA) by 5 to 6 percent, not 3. If this is approved, then the DA of the employees will increase from 34 percent to 39 or 40 percent. If this happens, the salary of central employees can increase by more than 27 thousand.
Decision on negotiations on DA arrears
Significantly, for 18 months, the matter of Pending Arrears (DR) has now reached Prime Minister Narendra Modi, on which a decision can be taken soon. In such a situation, the central employees have full hope from the central government that soon they will get dearness allowance. Let us tell you that the Finance Ministry had stopped the DA hike in May 2020 till 30 June 2021 due to the Kovid-19 epidemic.
PF interest money will also be available
The good news of interest can be found in the account of more than 7 crore account holders of Employees’ Provident Fund Organization ( EPFO ). It is worth noting that the interest money can be transferred to the bank account of the PF account holders soon, because according to the information received so far, the PF has been calculated. It is being told that this time according to 8.1%, this time the interest of PF will come in the account.
