After a long wait, the moratorium on extra-loved allowances of central employees has been lifted. In addition, it has been announced that employees will be given a favorite allowance at the rate of 28 per cent from July. In fact, in March last year, the central government announced that it would increase the DA and DA compensation (DAR) from 17 percent to 21 percent.
However, due to corona, an additional 4 per cent dearness allowance was terminated. The ban was put into effect until June 2021. Now the government has lifted the ban and will provide relief to the employees. According to information, the government has decided to give employees an 11% love allowance in three installments. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi today.
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When and how many episodes: At the last budget session, Finance Minister Anurag Thakur had briefed Rajya Sabha members about their allowance. According to Anurag Thakur, the dearness allowance will be increased from 17 percent to 28 percent from July 1. This includes a 3 percent for January-June 2020, 4 percent for July-December 2020 and 4 percent for January-June 2021.
Moreover, central employees and pensioners will get full DA and DR facility from July 1, 2021, said Anurag Thakur. This means that employees will now be paid at the rate of 28 per cent from July. Let us tell you that the dearness allowance and the amount of dear compensation are paid on a semi-annual basis. An annuity installment is paid twice each year.
Millions of employees get compensation: This decision will benefit 48 lakh 34 thousand central employees and 65 lakh 26 thousand pensioners. At the same time, this phase is estimated to cost the government Rs 34,400 crore. However, the decision was taken at a time when petrol, diesel and cooking gas were expensive in the country.