Will Da increase in July 2021?
Dearness Allowance for central government employees has been hiked to 31% of the basic pay from 28% with effect from July 1, 2021, the Finance Ministry said. In July this year, and DA rate was increased from 17% to 28%. With a 3% hike now, the DA rate will become 31%.
What is current DA for PSU?
The rate of Dearness Allowance/Dearness Relief for the period January 1, 2020 to June 30, 2021 shall remain at 17 percent, it added. (PSU Watch- India’s Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News.
Is Da freeze for PSU employees?
Background. On November 19, 2020, the DPE had announced the freezing of additional dearness allowance (DA) for executives and non-unionised supervisors of PSUs drawing salaries under certain pay scales till June 30, 2021.
Will central govt pensioners get DA?
The Union Cabinet on Thursday approved an increase of 3 percentage points on the Dearness Allowance (DA) Dearness Relief (DR) for central government employees and pensioners from 28%. After this hike, the DA will increase to 31%. 9,488.70 crore per annum, the government said in a statement.
What is the expected Ida from July 2021?
Revised IDA from 1st July 2021 and 1st October 2021 for 3rd PRC PSU, CPSE declared by DPE (Revision of 2017 pay): IDA for 2017 pay scale (3rd PRC) CPSE or PSU employees has been increased (revised) to 24.7 % from 1st July 2021.
What is current IDA rate?
The Government of India has announced the instructions of IDA for all CPSE’s up to 30.10. 2021, So from 01.10. 2021, the applicable DA is 27.2%.
Can PSU employees be fired?
Are PSU employees fired after privatisation? According to these provisions, the new owner of the privatised PSU cannot retrench or fire employees within a year of the closing date of the transaction.
How DA is calculated in 7th Pay Commission?
The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100.
How much DA will increase for pensioners?
The Union Cabinet on Thursday approved an increase of 3 percentage points on the Dearness Allowance (DA) Dearness Relief (DR) for central government employees and pensioners from 28%. After this hike, the DA will increase to 31%.
Will BSNL employees get 3rd PRC?
Accordingly, BSNL Pensioners should have been extended the benefit of Pension Revision for BSNL Pensioners w.e.f. 01.01. 2017 with fixation of 15% as recommended by the 3rd P.R.C. are approved by the Cabinet for working employees of PSUs and the way for its Employees/Pensioners is cleared by MOC’s assurance on 24.03.
When is the Ida increase for PSU employees?
IDA for 2007 pay scale (2nd PRC) CPSE or PSU employees has been increased to 170.5 % from 1st July 2021. IDA for 1997 pay scale CPSE or PSU employees has been increased to 356.7 % from 1st July 2021. IDA for 1987 & 1992 pay scale CPSE or PSU employees has been increased to 609.8% / 457.3% / 365.9% / 304.9% from 1st July 2021.
How to calculate da from July 2021 central government employees?
To calculate the DA from July 2021, we need 6 months’ AICPIN from January to June. So, we will calculate every month after releasing the AICPIN by Labour Bureau. What will be the total DA in July 2021? We assume that the total Dearness Allowance (D.A.) from July 2021 will be 32 % for Central Government employees and Pensioners.
Is the da going to increase in July 2021?
The expected DA hike from July 2021 will be known exactly after the release of AICPIN for June 2021. But it is expected that rate of DA from July 2021 may increase by 3%. So cumulative revised rate of DA from 1st July 2021 will be 31%. Check the DA Calculator
When do the next installments of Da start?
The three installments of additional DA (Jan 2020, Jul 2020, and Jan 2021) will be resumed from July 2021. The assumption of DA percentage for the month of Jan 2020, Jul 2020, and Jan 2021 are given below with an example. Including three installments of additional DA and DR to be added with the July 2021 DA and DR. For example,