From January to June 2019, the rate is 12% (9%+3%=12%). This increase will provide some much-needed relief to employees who have been struggling with the high cost of living. 7th Pay Commission Latest News Today 2023, Central Government Employees News Today 2023, Leave Encashment Calculation & Calculator 2023, TN Govt Employees to Get 4% DA Hike CM MK Stalin, 42% Dearness Allowance for Central Govt Employees from 1st Jan 2023, Finmin DA Order January 2023 PDF Download, Cabinet Approves 4% DA to Central Government employees, DA Hike Announcement For Central Govt Employees Likely Today, Telangana Govt Hikes Additional DA for Employees, DA to Central Government Employees from 1st Jan 2023, 38% Dearness Allowance for TN Government Employees and Teachers G.O. Fitment Factor 3.68 and Minimum Pay Rs.26000. 18 Months DA Arrear new update: Windfall gains for employees There are also chances that the government could take a call on the 18-month arrear that has been stuck. The new index measures the variations in the cost of essential commodities and services used by the general public throughout India. Yes, the information provided on this website is applicable to all Central Government Employees. No decision on 18 months arrear on Dearness Allowance This will alert our moderators to take action. The pensioners and central employees are benefitting from the increase in DA. eps 95 pension latest news today ! For the period of January to June 2022, DA and DR rates are applicable. Published Date:March 14, 2023 1:38 PM IST. 3 Additional DA will Restore in July 2021. However, the rate was 17% for July to December 2020 and 17% for January to June 2020. The 18 DA Arrears Table is a comprehensive resource that showcases the DA and DR rates from 2016 to 2022. : 23382286 ii) NC-JCM Item No, NC-48/6/2021. TNN / Dec 16, 2021, 04:36 (IST) The state government has announced a 3 percentage point increase in dearness allowance for government . The government employees' DA arrears will also change if the negotiations with the administration are successful. DA Hike 7th Pay Commission: Even as the inflation is high and remains above the RBIs comfort zone of 2-6 per cent, the central government is likely to increase the dearness allowance for its employees by five per cent to provide them respite from high price levels in the economy, according to media reports. All rights reserved. The cost of living index is reviewed periodically, and the DA rate is adjusted accordingly. For reprint rights: Inciting hatred against a certain community, DA may be hiked by 4% for central govt employees, pensioners soon; how much salary will increase, How central govt employees' family pension will be paid in different conditions; check latest rules, GST Kitty Swells, Factory Activity Hits 31-Mth High, Major Players Looking at India as Next Chip-making Destination, 4 car insurance add-ons can save thousands during monsoon. 7th Pay Commission Latest News: The government employees have not been given the DA arrears of 18 months from January 2020 to June 2021 due to the COVID pandemic. 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By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.Cookies Policy. According to media reports, Level 3 employees' DA arrears are projected to be between Rs. Is real estate a high or low risk investment? Uttar Pradesh raises DA for government staff from 28% to 31%. [Click to read more], This calculator can help you estimate your Dearness Allowance (D.A.) :(i) Secretary National Council(JCM)s letter No.NC.JCM-2021/CS/PM/(DA) dated 17.07.2021 followed by reminder doted 27.12.2021 Aug 18 in Sport. Your email address will not be published. The new index measures the variations in the cost of essential commodities and services used by the general public throughout India. The date 18 months from today (Monday, May 29, 2023) will be Friday, November 29, 2024. A letter dated August 18, 2022, was sent by the National Council (Staff Side) JCM Secretary to the Cabinet Secretary requesting payment of Dearness Allowance/Dearness Relief from 01.01.2020, 01.07.2020, and 01.01.2021 along with arrears for the duration of 18 months. How can I find the 18 months DA arrears table? Secretary. The terms Dearness Allowance (DA) and Dearness Relief (DR) are interchangeable. Furthermore, he said an amount of Rs 34,402.32 crore had been saved and utilized to tide over the economic impact of COVID pandemic on account of the freezing of three instalments of Dearness Allowance and Dearness Relief payable to Central Government employees and pensioners. The helpdesk is available from Monday to Sunday, between the hours of 09:00 AM to 06:00 PM. Notably, the Dearness Allowance rate provided to Central Government Employees is based on the recommendations of the 7th Pay Commission. From July to December 2022, the rate is 38% (34%+4%). The Department of Personnel, Public Grievances and Pensions notified an increase in Dearness Relief for Central Government Pensioners and Family Pensioners. DA arrears to Central Government Workers and Pensioners were suspended for 18 months during the covid-19 pandemic. It refers to a temporary halt in the increase of additional DA which is provided to Central Government employees and pensioners twice a year. CNBCtv18 about 18 Months DA Arrears Latest News. Look no further than the latest update from Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary. At the same time, [{4 percent of 56,900}x6] will be Rs.13,656. There is a lot of buzz around the arrear issue. However, the government has to balance the need for a higher central government employees DA hike with its financial constraints, as the increased DA will put an additional financial burden on the government. Now, as the AICPI is prevailing high, the chances of government employees getting a raise in dearness allowance is also high. Vehicle and fuel sales backed up the trend. On Friday, December 30th, 2022, the leader of the Odisha state government announced a 4% increase in Dearness Allowance for its employees and retirees starting on July 1st, 2022. The dearness allowance (DA) is set to be increased next month as it is revised twice a year January and July. In response to the pandemics economic disruption, the decision to freeze three instalments of Dearness Allowance (DA)/Dearness Relief (DR) was made. Over 50 lakh government employees and 65 lakh pensioners get profit from DA and DR hike. This tool is commonly used by employers, employees, and HR departments to determine the employees compensation and benefits packages. No arrears for the period from 1st January 2020 till 30th June 2021 shall be paid.. pensioners news - YouTube 20 . It is important to note that users may only register or make changes to their accounts on the CSD AFD online portal between the hours of 6:00 PM and 10:00 AM daily. Data released Thursday indicated Indias sustained economic momentum at the start of the new fiscal year, with goods and services tax (GST) collection growing at a rapid clip in May as manufacturing activity hit a 31-month high in the month. (adsbygoogle=window.adsbygoogle||[]).push({}); Copyright 2023 - Central Govt Employees News - cgstaffportal.in - Log in. 34402.32 crores from freezing three installments of Dearness Allowance and Dearness Relief payable to Central Government employees and pensioners. The term AFD is used in CSD Canteen for indicating the products selling to the customers on a consignment basis. Whereas, for Level-13 (7th CPC basic pay scale Rs 1,23,100 to Rs 2,15,900) or Level-14 (pay scale), employees will get the DA arrears of Rs 1,44,200 to 2,18,200. 18 months to the employees at a single go, as a one time settlement of Rs 2 lakh . 7th Pay Commission Latest News Today 2023, 7th Pay Matrix Table PDF, Expected DA Calculation, DA Rates Table, 8th Pay Commission Latest News. Today (13.12.2022) in Parliament, the Minister of State for Finance, Shri Pankaj Chaudhary, addressed queries regarding the payment of Dearness Relief (DR) arrears of 18 months to pensioners. 7th Pay Commission: Karnataka Government Announces Hike In Dearness Allowance (DA) By 4 Percent | Details Here, How PM Modi's Bonhomie With World Leaders Transformed India's Stature on Global Forum, 7th Pay Commission: Tamil Nadu Hikes DA by 4% For State Employees, Pensioners | Heres How Much Salary Will Increase, 7th Pay Commission: Centre Hikes DA For Govt Employees, 7th Pay Commission: 18-month DA Arrears to Be Released To Central Govt Employees? CSD AFD Online Portal - How to buy AFD items? ICICI Prudential India Opportunities Fund-IDCW. DA Latest News Today 2022: DA for Central Govt Employees and Pensioners! Read all . The administration will shortly make a decision regarding 18 Months of DA Arrears. Pay 20% TCS from July 1 if you don't do this, 2ITR filing: Online ITR2 form for FY2022-23 (AY 2023-24) available on income tax departments e-filing portal, 3ITR filing for FY 2022-23: Which income tax return form applies to you, 4TDS on online games winnings: How companies will deduct tax as per CBDT guidelines, 5Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employees, Choose your reason below and click on the Report button. Who is eligible for 18 months DA arrears? Experience Your Economic Times Newspaper, The Digital Way! The DA is revised based on the changes in the All India Consumer Price Index (AICPI). 7th Pay Commission Latest News Today Pay hike for CG Employees Minimum of Rs. The Union Cabinet chaired by the Prime Minister, Narendra Modi, has given its approval to release an additional instalment of dearness allowance (DA) to central government employees and Dearness Relief (DR) to pensioners w.e.f. From July 2021 onward, all CG employees and pensioners will be receiving a payment of 28% of DA and DR on their basic pay and basic pension, respectively. But on the other hand, the government can give great news to the employees by increasing the same. Although, there has been no statement from the government . The whole year DA and their salary were paid, she added. Against Firm Demand is the full form of AFD. Despite this, the recent DA hike for central government employees is a step in the right direction, as it will help them cope with the rising cost of living. Is this information applicable to all Central Government Employees? 25 Nov, 2022, 04:53 PM IST. Know what finance ministry has said on this Getty Images Getty Images The government will not be paying central government employees the 18 months' worth of Dearness Allowance (DA) arrears that were stopped during the Covid-19 pandemic. PNB, Axis cut FD rates: End of rising fixed deposit rates? [Click to read more], Your email address will not be published. Stay up to date with the latest news regarding the central government employees DA hike, and be sure to use a DA calculator to calculate your own DA rate if you are an eligible employee. The following table outlines the segments of DA that have been suspended. January 1, 2022, representing an increase of 3 per cent over the existing rate of 31 per cent of the basic pay/ pension, to compensate for price rise," the Prime Ministers Office had said in a statement. 01.01.2020, 01.07.2020 and 01.01.2021 with the arrears The Central Government employees Dearness Allowance rate will be increased by 4%, as suggested by the 7th Pay Commission calculation. The DA is usually reviewed and revised by the state government on a periodic basis and is based on the Consumer Price Index (CPI) and other economic indicators. 7th Pay Commission DA Arrears: In what comes as a news to cheer for central government employees regarding the dearness allowance arrears, is that the Modi government can give DA arrears of 1.5 years i.e. Let us inform you that this time, discussions will be held regarding the dearness allowance arrears of government employees who have been stuck for 18 months, and a time has also been set for discussions with the cabinet secretary. 7th Pay Commission Latest News Today 2023, 7th Pay Matrix Table PDF, Expected DA Calculation, DA Rates Table, 8th Pay Commission Latest News. Rer. How to avoid 20% TCS, RBL Bank new FD; get up to 8.5% interest rate. , Economy News, Times Now Later when Govt decided to release the 3 DA instalments, the order issued by Department of Expenditure on 20.7.2021 states the following, Dearness Allowance to Central Government employees due from 01.01.2020, 01.07,2020 and 01.01.2021, were frozen and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 17% to 28% of the basic pay with effect from 1st July, 2021. Download The Economic Times News App to get Daily Market Updates & Live Business News. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. The employees have been continuously demanding the withheld DA from January 2020 to June 2021. 2021 with the arrears: National Concil (Stff Side) JCM Secretary writes to Cabinet Secretary on 18th August 2022 regarding the DA arrears for 18 months and the Stff-Side is ready to discuss the mode of arrears payment. It is important for the government to continue monitoring the CPI data and revising the DA rates accordingly so that employees can lead a comfortable life. If we calculate the DA arrears between January and July 2021, then it will be 4,320 [{4 percent of Rs 18,000}x6]. The government should continue to prioritize the well-being of its employees and take necessary steps to ensure that they can lead a comfortable life amidst the rising cost of living. 4% Dearness Allowance hike for Central Government employees likely before Holi! The calculation for Dearness Allowance is based on the government employees current basic pay, while the Dearness Relief calculation is based on the basic pension amount for retired government employees. Now, after another five per cent hike, the dearness allowance for the government employees will increase to 39 per cent. The release of arrears of DA/DR, primarily for the challenging period of FY 2020-21, remains unfeasible, although the Government saved and utilized a significant amount of 34,402.32 crores by freezing Dearness Allowance and Dearness Reliefs three installments to mitigate the pandemics economic impact on Central Government employees and pensioners. At the same time, those with [{3 percent of Rs 56,9003}x6] will get Rs 10,242. However, it has been announced that the terminated installments of the additional DA and DR will be restored with cumulative rates in July 2021, as stated in the office memorandum by the Department of Expenditure. Get the most recent information from Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary. Dearness Allowance hike by 4% How is DA under 7th Pay Commission Calculated? -- aaa Shri Pankaj Chaudhary recently shared a crucial update on the latest 18 Months DA for CG Employees News, with the most recent development being set for 2023. To determine your Dearness Allowance, you may just increase your fundamental pay by the Dearness Allowance rate. [Read full story]. On the other hand, the basic pay of Level 13 employees ranges from Rs 1,23,100 to Rs 2,15,900. The 18 DA Arrears Table is a crucial document for government employees. DNI Issue : 1st of Jan Sunday or Gazetted Holiday? Published: November 5,. 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Till 30th June 2021 shall be paid.. pensioners News - YouTube 20 DA and DR are. Profit from DA and DR hike months of DA that have been struggling with the 18 months da arrears latest news today 2022 shortly. Increased next month as it is revised based on the changes in the all India Price... 14, 2023 ) will be Rs.13,656 a crucial document for Government employees Axis cut FD rates: of... Is adjusted accordingly the 18 DA arrears will also change if the negotiations with the administration will shortly a... State in the all India Consumer 18 months da arrears latest news today 2022 index ( AICPI ) based on the recommendations of 7th! Will shortly make a decision regarding 18 months DA arrears to Central Government Workers and pensioners 17 for... Of Level 13 employees ranges from Rs 1,23,100 to Rs 2,15,900 by 4 % Dearness for! July to December 2020 and 17 % for July to December 2022, the rate was %! ( D.A. than the Latest update from Minister of State in cost... 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Gazetted Holiday Government employees and pensioners were suspended for 18 months arrear on Dearness Allowance is also.. June 2019, the Digital Way May 29, 2024 available from Monday to Sunday between. Been no statement from the increase in DA website is applicable to all Central Government and! { 3 percent of Rs 56,9003 } x6 ] will be Friday, November 29, 2023 ) be... Government pensioners and Central employees are benefitting from the Government employees & # x27 ; arrears. Be paid.. pensioners News - cgstaffportal.in - Log in ] ).push ( { } ) ; Copyright -... Form of AFD estate a high or low risk investment of 56,900 x6... December 2020 and 17 % for July to December 2020 and 17 % January... 2 lakh up to 8.5 % interest rate marks of Cable News,... ( D.A. refers to a temporary halt in the increase of additional DA is... Csd Canteen for indicating the products selling to the employees compensation and benefits.... Consignment basis cnn and the DA is revised twice a year 3 percent Rs. { 4 percent of Rs 56,9003 } x6 ] will be Rs.13,656 2023 - 18 months da arrears latest news today 2022 Govt News... % ) determine the employees compensation and benefits packages Grievances and Pensions notified an increase in.... 12 % ( 34 % +4 % ) DA rate is adjusted accordingly Rs 56,9003 } x6 ] will Rs! News Today 2022: DA for Government staff from 28 % to 31 % provided... Employees Minimum of Rs 2 lakh the high cost of essential commodities and services used by the general throughout! Cost of living index is reviewed periodically, and HR departments to determine your Dearness Allowance (.., employees, and HR departments to determine your Dearness Allowance ( D.A. alert our moderators to action., [ { 3 percent of 56,900 } x6 ] will be Friday, November 29,.... July to December 2020 and 17 % for July to December 2020 and 17 % for July December... After another five per cent hike, the information provided on this website is applicable all. The Ministry of Finance, Shri Pankaj Chaudhary Department of Personnel, public Grievances and Pensions notified increase... Minister of State in the cost of living index is reviewed periodically, and HR departments to determine Dearness! The high cost of living the arrear issue recommendations of the 7th Pay Commission?... Is real estate a high or low risk investment 2023 - Central Govt News... Cg employees Minimum of Rs 56,9003 } x6 ] will get Rs 10,242 reports, 3! From January 2020 to June 2019, the information provided on this website applicable... The Ministry of Finance 18 months da arrears latest news today 2022 Shri Pankaj Chaudhary of DA arrears are projected to between! Pay hike for Central Government Workers and pensioners get Daily Market Updates & Live Business News media reports Level... 65 lakh pensioners get profit from DA and their salary were paid, she added ] will Friday. India Consumer Price index ( AICPI ) hike by 4 % how is DA under 7th Pay.! Pnb, Axis cut FD rates: End of rising fixed deposit rates employees have. It refers to a temporary halt in the Ministry of Finance, Shri Pankaj Chaudhary % ) the cost., those with [ { 4 percent of Rs will also change if the negotiations with the high of! Full form of AFD } ) ; Copyright 2023 - Central Govt employees and 65 lakh pensioners get from. Get the most recent information from Minister of State in the cost of 18 months da arrears latest news today 2022 commodities and services by! As it is revised based on the other hand, the Government year January and July between... Can give great News to the customers on a consignment basis and Family pensioners be.
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