#7th pay commission central govt

[odnewsin]

Cabinet approves 8th Pay Commission for central govt employees; expected salary hike, other details

The Union Cabinet on Thursday approved to set up 8th Pay Commission for the central government employees. The commission will revise salaries of the government employees and allowances of the pensioners. As the 7th Pay Commission’s term concludes in 2026, the Cabinet has announced the eight pay commission. Purpose of Today’s Announcement Since 1947, seven Pay Commissions have been constituted,…

[24x7newsroom]

3% DA Hike for Govt Employees

The central government has declared a 3% rise in dearness allowance (DA) and dearness relief (DR) for more than a crore employees and pensioners to alleviate the effects of inflation. This adjustment elevates the total DA from 50% to 53%, which will be applied in addition to the basic salary. The decision to implement this increase was reached during a cabinet meeting chaired by Prime Minister Narendra Modi this morning.

This new rate will be effective from July 1, 2024. The announcement, made just weeks before Diwali, provides significant relief to central government employees during the festive season.

In a government statement, it was noted, “This increase adheres to the accepted formula based on the recommendations of the 7th Central Pay Commission.

The government stated that the increase in DA and DR would benefit roughly 49.18 lakh central government employees and 64.89 lakh pensioners, but it would also cost the exchequer an extra Rs 9,448.35 crore annually.

Government workers receive DA, while pensioners receive DR as compensation for rising costs. This stipend, which is updated twice a year, is determined for industrial workers using the most recent consumer price index.

Also Read-https://24x7newsroom.com/

[news365timesindia]

[ad_1] GG News Bureau New Delhi, 16th Oct. The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved an additional instalment of Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners. Effective from July 1, 2024, the increase amounts to 3% over the existing rate of 50% of the Basic Pay/Pension. This adjustment aims to offset the impact of price rise on employees and pensioners. The hike follows the established formula as per the 7th Central Pay Commission recommendations. The move will result in an annual financial burden of Rs. 9,448.35 crore on the central exchequer. This decision is set to benefit approximately 49.18 lakh Central Government employees and 64.89 lakh pensioners across the country, offering them relief amidst rising costs of living. The post Cabinet Approves 3% DA Hike for Central Govt Employees and Pensioners appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] GG News Bureau New Delhi, 16th Oct. The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved an additional instalment of Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners. Effective from July 1, 2024, the increase amounts to 3% over the existing rate of 50% of the Basic Pay/Pension. This adjustment aims to offset the impact of price rise on employees and pensioners. The hike follows the established formula as per the 7th Central Pay Commission recommendations. The move will result in an annual financial burden of Rs. 9,448.35 crore on the central exchequer. This decision is set to benefit approximately 49.18 lakh Central Government employees and 64.89 lakh pensioners across the country, offering them relief amidst rising costs of living. The post Cabinet Approves 3% DA Hike for Central Govt Employees and Pensioners appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[jobsadmitcardresult]

Learn How to calculate salary of Govt Jobs in india from various posts Pay scale, Grade Pay or Basic pay etc. with Allowances, formula etc. all details

[gadgetsforusesblog]

7th Pay Commission DA Hike Central Govt Employees To Get Base Salary Increase Know How Much Salary In Hindi

7th Pay Commission Update: The national government is preparing to bring good news to its employees again. Soon there may be an increase in the salary of the employees. Recently, the National Government increased the DA Hike by 4 percent, increasing the loved one’s allowance received by employees to 42 percent. At the same time, some reports have said that the government may increase the DA by 4…

[new-haryanvi-ragni]

7th Pay Commission: Modi Govt Likely To Hold Important Cabinet Meet On DA Hike Today, Here's How Much Salary Will Increase

The Narendra Modi government may present a post holiday extravaganza to central government employees by announcing DA Hike. source https://zeenews.india.com/personal-finance/7th-pay-commission-modi-govt-likely-to-hold-important-cabinet-meet-on-da-hike-today-heres-how-much-salary-will-increase-2583703.html

[762175]

Dearness Allowance of Central Govt Employees Likely to be Hiked In Next 15 Days

Home Business 7th Pay Commission: Dearness Allowance of Central Govt Employees Likely to be Hiked In Next 15 Days 7th Pay Commission: The hike in DA and DR increase will benefit 48 lakh central government employees and 68 lakh pensioners this time. 7th Pay Commission Latest Update: A 4 per cent DA hike will take the current DA from 38 percent to 42 percent. 7th Pay Commission Latest News Today:…

[globalnewses]

केंद्रीय कर्मचारियों को मिली ये सौगात, पेंशनर्स को भी फायदा

केंद्रीय कर्मचारियों को मिली ये सौगात, पेंशनर्स को भी फायदा

7th Pay Commission, 7th CPC Latest News, Government Employees: केंद्रीय कर्मचारियों को अब केंद्र सरकार की स्वास्थ्य योजना (सीजीएचएस) पैनल के बाहर के प्राइवेट अस्पताल में आपातकालीन स्थिति में ईलाज करवाने पर भी मेडिक्ल क्लेम मिलेगा। सुप्रीम कोर्ट ने इस मामले में केंद्रीय कर्मचारियों के साथ-साथ पेंशनर्स को भी राहत दी है। कोर्ट की दो सदस्य पीठ ने स्पष्ट रूप से कहा कि केंद्र सरकार के एक कर्मचारी को इस…

[odnewsin]

PM approves setting up of 8th Pay Commission for central govt employees

New Delhi: The union government Thursday decided to set up the 8th Pay Commission to revise salaries of central government employees and allowances of pensioners. The decision to set up the 8th Pay Commission was taken by Prime Minister Narendra Modi, I&B Minister Ashwini Vaishnaw said. The term of the 7th Pay Commission will end in 2026. “Prime Minister has approved 8th Central Pay Commission…

[globalcourant]

How Much DA Hike Can Central Govt Employees Expect in July? Know Here

How Much DA Hike Can Central Govt Employees Expect in July? Know Here

DA Hike 7th Pay Commission: Central government employees and pensioners are waiting in anticipation for another hike in their Dearness Allowance (DA) and Dearness Relief (DR). They are hoping for another DA hike especially in the scenario of the latest All-India Consumer Price Index (AICPI) data released by the government. AICPI is a key factor in determining how much DA hike will be implemented,…

[doonitedin]

Change in CCS Pension Rules: Gratuity, Family Pension Calculation on Notional Pay if Death During Penalty

Necessary amendment in the CCS (Pension) Rules, 1972 will be made separately. Representative image CCS (Pension) Rules 1972: The family pension and gratuity would not be reduced if a Central Government Employee dies while receiving reduced pay due to any penalty. According to the latest decision by the Department of Pension and Pensioners’ Welfare (DoPPW), the family pension and death gratuity…

[realtimesmedia]

मोदी सरकार ने इन राज्यों के केंद्रीय कर्मचारियों को दिया 'त्योहार का तोहफा'

मोदी सरकार ने इन राज्यों के केंद्रीय कर्मचारियों को दिया ‘त्योहार का तोहफा’

नई दिल्ली: केरल और महाराष्ट्र में केंद्र सरकार के कर्मचारियों को ओणम और गणेश चतुर्थी त्योहार से पहले एक बड़ा तोहफा दिया गया है. केंद्र सरकार ने इन राज्यों के कर्मचारियों के लिए अग्रिम वेतन जारी करने की घोषणा की है। कहा जाता है कि त्योहारी सीजन के दौरान मांग और खपत को बढ़ावा देने के लिए केंद्र ने यह निर्णय लिया है। 11 अगस्त को वित्त मंत्रालय द्वारा जारी एक ज्ञापन में कहा गया है, "ओणम और गणेश…

[dbpnews]

Central Govt Employees: DA Restoration, Arrear, Salary Hike Calculation, Latest Updates

Central Govt Employees: DA Restoration, Arrear, Salary Hike Calculation, Latest Updates

The Union government is likely to restore the 7th pay commission Dearness Allowance (DA) and Dearness Relief (DR) benefits for the central government employees in September, according to media reports. It has been decided in the meeting of the finance ministry officials, the National Council of Joint Consultative Machinery and the department of personnel and training on June 26, Mint…

[hashtagindiasocial]

Big Relief for Central Govt employees! No tax on THIS amount - check details

Big Relief for Central Govt employees! No tax on THIS amount – check details

Image Source : PTI FILE Big Relief for Central Govt employees! No tax on THIS amount – check details In a major relief for lakhs of salaried class people including Central government employees, the Centre has said that its staffers will not have to pay income tax on the amount received against the leave travel concession (LTC). In Budget 2021, Finance Minister Nirmala Sitharaman has proposed to…