7th Pay Commission: Modi Govt increases Dearness Allowance to 28% for Central Government Employees

By: |
Updated: July 14, 2021 4:15 PM

Dearness Allowance Hike Notification, Latest News: The Central Government today announced Dearness Allowance (DA) and Dearness Relief (DR) hike for Central Government Employees and Pensioners

Dearness Allowance Hike latest News todayCheck Dearness Allowance Hike latest News today. Representative image

Central Government Employees Dearness Allowance Hike Latest News Today (14th July 2021): The Central Government today announced its decision to increase Dearness Allowance (DA) and Dearness Relief (DR) for Central Government Employees and Pensioners respectively.

In a press briefing, Union Minister Anurag Thakur said the Dearness Allowance (DA) for Central Government employees and pensioners has been increased from 17 per cent to 28 per cent. This will be applicable from 1st July 2021.

The decision to increase the DA and DR for employees and pensioners was taken by the Cabinet Committee chaired by Prime Minister Narendra Modi on Wednesday (July 14, 2021). The Cabinet Committee approved an increase in the Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from 01.07.2021 to 28 per cent, representing an increase of 11 per cent over the existing rate of 17 per cent of the Basic Pay/Pension.

“In view of the unprecedented situation which arose due to the COVID-19 pandemic, three additional instalments of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners, which were due from 01.01.2020, 01.07.2020 and 01.01.2021, had been frozen. Now, the Government has decided to increase the Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from 01.07.2021 to 28% representing an increase of 11% over the existing rate of 17% of the Basic Pay/Pension,” the Ministry of Finance said in a statement.

“The increase reflects the additional instalments arising on 01.01.2020, 01.07.2020 and 01.01.2021. The rate of Dearness Allowance/Dearness Relief for the period 01.01.2020 to 30.06.2021 shall remain at 17%,” it added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1How to protect your banking transactions from cyber frauds
2Looking for large and mid-cap equity exposure? Consider an index fund
3SGB 2021-22: Gold Bond issue price fixed at Rs 4,791/gm; subscription opens Monday