7th Pay Commission – Salary hike, DA release 2021- Latest updates

The government, by way of an office memorandum dated April 23, 2020, introduced its decision to put on keep the hike in dearness allowance (DA) for the year. Government has introduced that various contributors of Parliament, the President and Vice President have taken cuts in their salaries. In this post we will discuss DA release 2021 updates.

 

What is Dearness Allowance?

Dearness allowance is generally received by using government personnel and pensioners to compensate for the rising inflation. The DA is revised twice during the 12 months in the month of January and July.

Salary hike, DA release 2021- Latest updates

The decision to hike DA was announced in March 2020, which was effective from January 1/2020.

In March, the union cabinet had permitted an increase of four per cent in DA to 21 per cent. Central government personnel and pensioners will now continue to acquire DA at current rates, i.e., 17 per cent as section of their salary/pension, according to the workplace memorandum.

 

DA hike put on hold till July 2021 due to Coronavirus Pandemic!

A quantity of good information have come in for central government employees, kingdom government personnel and some members of the forces in the current past and it is predicted that many more desirable news would come for personnel in January.

Here we will discuss when central government will release DA in 2021. DA release 2021 the seventh Pay Commission linked bonanza for government personnel that has grabbed headlines in the recent days.

 

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DA Release 2020 was triggered by the coronavirus pandemic

The Dearness Allowance hike got here as a major comfort for nearly 50 lakh personnel and over 60 lakh pensioners. However, central salary and pension recipients did now not get the hiked DA due to the economic instability triggered by the coronavirus pandemic.

Strong revenue challenge for DA release 2021.

There is nevertheless no clarity whether or not the DA will be further hiked this yr as the government faces a challenging/strong revenue challenge.
It was reported in the past that the Association of Employees Confederation of Central Government Employees and Workers had told Union Finance Minister Nirmala Sitharaman about the modern-day status of the union treasury.

Budget 2021 Images

The authorities had also decided to lengthen the Disability Compensation for all currently serving employees, including these who are covered under the scheme National Pension System (NPS). Union Minister Jitendra Singh had made the announcement on January 1st.

 

The countdown to the Union Budget 

 

The finances holds greater significance this years due to the fact the economy is in recession due to coronavirus and the fiscal deficit has soared to Rs 10.76 lakh crore.

Up to now, Finance Minister Nirmala Sitharaman has concluded pre-Budget consultations with the members of business industry, service sector members, to change in connection with Budget 2021. The Finance Minister will present the Budget on February 1 at eleven am in the Lok Sabha.

 

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