news details |
|
|
J&K Govt employees set to get massive pay hike | Unfreezing DA | | EARLY TIMES REPORT
JAMMU, June 27: Government employees and pensioners besides the central government workers are all set to get a massive hike in their salaries as their pending Dearness Allowance is likely to be released by the end of this month by the government. The government soon after the outbreak of Coronavirus has ordered freezing of the DA of the government employees resulting in no hike in their salaries for the past more than one year. However, the wait seems to be over now. As per the reports, the government may release the DA, resulting in a spike in monthly salaries of the government employees. As per the reports, Joint Council Machinery (JCM) for Central Government Employees (CGE) under the chairmanship of the Cabinet Secretary has given the ‘go ahead’ for Dearness Allowance (DA)/Dearness Relief (DR) hike. However, in the meantime, the fake memorandum started circulating on social media, forcing the finance ministry to issue a clarification. A document is doing rounds on social media claiming resumption of DA to Central Government employees & Dearness Relief to Central Government pensioners from July 2021. Central government employees get a Dearness Allowance of 17 percent. In March 2020, the Union Cabinet had hiked the Dearness Allowance by 4 per cent to 21 per cent. However, in April 2020, the government halted the hikes of Dearness Allowance and Dearness Relief for government employees and pensioners, respectively, due to the financial situation amid the COVID-19 pandemic. The government had then said that Dearness Allowance and Dearness Relief would continue to be paid at the current rate 17 per cent. The Centre had paused the hike till June 2021. The three instalments of Dearness Allowance, due on January 1, 2020, July 1, 2020, and January 1, 2021, were frozen due to the COVID-19 pandemic. The government had earlier informed about the DA hike in the Parliament. Anurag Singh Thakur, Minister of State for Finance, in a written reply to the Rajya Sabha said 'The decision to release the future instalments of Dearness Allowance due from 01.07.2021 is taken and the rates of DA as effective from 01.01.2020, 01.07.2020 and 01.01. 2021 will be restored prospectively and will be subsumed in the cumulative revised rates effective from 01.07.2021.' The government had stated that the dearness allowance is likely to increase by 11 percent from the current rate of 17 percent to a total hike of 28 percent cumulatively. The increase in the DA will include a 3 percent hike from January to June 2020, a 4 percent from July to December 2020, and another 4 percent hike from January to June 2021 that is (17 + 4 + 3 + 4) 28 percent. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCK UPDATE |
|
|
|
BSE
Sensex |
|
NSE
Nifty |
|
|
|
CRICKET UPDATE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|