#DA arrears from july

[news365timesindia]

[ad_1] GG News Bureau Dehradun, 29th Oct. The government of Uttarakhand has announced a hike in the dearness allowance (DA) for its state employees, raising it from 50 percent to 53 percent monthly. The revised DA will benefit all regular and full-time employees and officials associated with the University Grants Commission (UGC), with retrospective effect from July 1, 2024, as per an official statement. The arrears for the revised DA from July 1 to September 30, 2024, will be paid in cash, while the updated allowance will be added to monthly salaries starting October 1, 2024. However, this adjustment will not automatically apply to high court judges, the chairman and members of the Uttarakhand Public Service Commission, and certain other categories. Separate directives for these officials will be issued later, the statement clarified. Ad-Hoc Bonus for Non-Gazetted Employees The state also approved a 30-day ad-hoc bonus for 2023-24 to non-gazetted staff in government-aided educational institutions, local bodies, district panchayats, and daily wage workers. According to the Central Government’s guidelines, the bonus is capped at ₹7,000 and will be available to employees who were in service on March 31, 2024, with a minimum of six months of continuous employment. Those who served between six months and a year will receive a prorated bonus. For daily wage and casual employees, the bonus amount is set at ₹1,184, provided they have completed at least 240 working days per year in the last three years. However, employees facing departmental or criminal proceedings are ineligible, though reinstated employees after suspension will qualify. The decision is expected to provide financial relief to state employees amid inflationary pressures, reflecting the government’s ongoing support for its workforce. The post Uttarakhand Hikes DA, Announces Bonus for State Employees 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 Dehradun, 29th Oct. The government of Uttarakhand has announced a hike in the dearness allowance (DA) for its state employees, raising it from 50 percent to 53 percent monthly. The revised DA will benefit all regular and full-time employees and officials associated with the University Grants Commission (UGC), with retrospective effect from July 1, 2024, as per an official statement. The arrears for the revised DA from July 1 to September 30, 2024, will be paid in cash, while the updated allowance will be added to monthly salaries starting October 1, 2024. However, this adjustment will not automatically apply to high court judges, the chairman and members of the Uttarakhand Public Service Commission, and certain other categories. Separate directives for these officials will be issued later, the statement clarified. Ad-Hoc Bonus for Non-Gazetted Employees The state also approved a 30-day ad-hoc bonus for 2023-24 to non-gazetted staff in government-aided educational institutions, local bodies, district panchayats, and daily wage workers. According to the Central Government’s guidelines, the bonus is capped at ₹7,000 and will be available to employees who were in service on March 31, 2024, with a minimum of six months of continuous employment. Those who served between six months and a year will receive a prorated bonus. For daily wage and casual employees, the bonus amount is set at ₹1,184, provided they have completed at least 240 working days per year in the last three years. However, employees facing departmental or criminal proceedings are ineligible, though reinstated employees after suspension will qualify. The decision is expected to provide financial relief to state employees amid inflationary pressures, reflecting the government’s ongoing support for its workforce. The post Uttarakhand Hikes DA, Announces Bonus for State Employees appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[sarkariexamhelp]

Exciting News for Central Government Employees: 5% DA Hike Announced for 2024! 🎉

This Diwali brings fantastic news for central government employees and pensioners! The government has announced a 5% increase in Dearness Allowance (DA), providing much-needed relief to millions of employees and pensioners across the country. 🌟

What Does This DA Hike Mean for You?

With this 5% hike, you can expect a significant increase in your salary. Want to know exactly how much your salary will go up and what other benefits you'll get? Find out all the details here: 👉 Exciting News for Central Government Employees: 5% DA Hike for 2024!

What About Arrears? The government has also announced arrears starting from July 2023, so you'll be receiving three months' worth of arrears along with your updated salary. 💸

How Will This Affect Your Salary? As inflation rises, this DA hike helps employees maintain their purchasing power, providing much-needed financial stability.

Make This Diwali Even More Special! 🎊 Celebrate the festival of lights with an increased salary, and click here for more information! 👇 Exciting News for Central Government Employees: 5% DA Hike for 2024!

[guesthypebusinessfinance]

DA Hike, DA from July 2023, DA Information, seventh Pay Fee: Some excellent news may very well be on its means for central authorities workers because the Client Value Index Numbers For Industrial Staff (CPI-IW index) for the month of March 2023 can be launched immediately - Friday - April 28, thereby clearing the image as to how a lot Dearness Aallowance (DA) / Dearness Aid (DR) hike may be anticipated from July onwards. The final DA hike / DR hike was solely introduced in March this 12 months - however the arrears have been paid from January onwards, so the discharge of CPI-IW information (with which DA is tethered) might point out how a lot DA hike can be introduced in July and the arrears for which can be paid from April onwards.   COMMERCIAL BREAKSCROLL TO CONTINUE READINGThe preparation for the calculation of the subsequent hike in dearness allowance (DA) or Dearness aid (DR) of central workers have already begun, sources mentioned. Provisions beneath the seventh Pay Fee mandate that dearness allowance be revised each 6 months. And the arreas arising from the final DA hike introduced lately, will seemingly be disbursed to the central authorities employees of their wage for April 2023. Nevertheless, sources have additionally knowledgeable that the wheels are already in movement for the subsequent DA hike announcement for central authorities workers.  The precise numbers of how a lot DA hike authorities workers will get from July 2023 can be clear from the calculations that can be introduced immediately. It should additionally have an effect on the precise quantum of dearness allowance hike that authorities workers get for the second-half of 2023.  From January 1, 2023, central authorities workers are receiving 42% as dearness allowance (DA) / dearness aid (DR).  Additionally Learn - DA, DR Hike: How a lot Dearness Allowance will central govt workers get from July 2023? Announcement quickly Dearness Allowance hike: Elements that may have an effect on DA from July 2023 The newest Client Value Index Numbers For Industrial Staff (CPI-IW index) is the barometer that reveals the inflation of previous months, thereby influencing the rise in dearness allowance. A Ministry of Labour & Employment launch mentioned that for the month of February 2023, the All-India CPI-IW had fallen by 0.1 level to 132.7 factors. The information for the month of March can be launched immediately, however the improve within the index over the previous few months already means that central authorities workers can count on a DA hike between 3% to 4% from July this 12 months.  Sources mentioned that although a drop of 0.1 level was recorded within the index in February, total it's anticipated to register an increase within the March information being launched immediately. Mixed with information of April, Might and July inflation figures, it is going to seemingly result in a DA hike of three% to 4% in DA from July, sources added. DA from July 2023: How a lot Dearness Allowance Hike will central govt workers get? As per the suggestions of the seventh Pay Fee, the dearness allowance payable to central authorities employees from July 1, 2023 might rise by 3% to 4%. If consultants are to be believed, then even when the CPI-IW index doesn't change within the subsequent few months and stays steady at 132.7 factors, then additionally there can be an DA hike of a minimum of 3% — taking the general dearness allowance determine to 45%. Nevertheless, consultants imagine that it's inconceivable that that CPI-IW index will stay unchanged within the coming months. And if the index registers an increase, then central authorities workers might even obtain a DA hike of 4% from July — taking the dearness allowance to 46%. DA Hike: How is AICPI-IW information calculated? The Labour Bureau of the Ministry of Labour & Employment points AICPI-IW numbers on the final working day of the next month. For example, the index numbers for the month of March 2023, can be launched on 28 April, 2023.

The bureau takes word of retail costs information from 317 markets unfold over 88 industrially-important centres throughout the nation to calculate this determine.  DA Hike: Dearness Allowance Components  For central authorities workers, the method used to calculate dearness allowance is talked about under — Dearness Allowance Components - [(Average of All India Consumer Price Index AICPI) for the last 12 months - 115.76)/115.76]×100.  For workers of Public Sector Items, DA hike is calculated by the method talked about under — Dearness Allowance method for PSU workers - [Average of Consumer Price Index for the last 3 months (Base Year 2001 = 100)-126.33)] x100     https://guesthype.co.uk/?p=4196&feed_id=9938&cld=644caf48dfe22

[parentnashik]

Big good news: DA, TA, arrears and promotion – Central employees are going to get tremendous benefits from July 2023

Big good news: DA, TA, arrears and promotion – Central employees are going to get tremendous benefits from July 2023

[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…

[znewstech]

Release of DA, DR arrears not feasible, says MoS finance Pankaj Chaudhary

Release of DA, DR arrears not feasible, says MoS finance Pankaj Chaudhary

NEW DELHI: In a written reply to the Rajya Sabha on December 13, minister of state (MoS) for finance Pankaj Chaudhary had said that release of dearness allowance (DA)/ dearness relief (DR) arrears was not considered feasible by the government. Three instalments of DA/DR amount to central government employees/pensioners — due from January 1, 2020, July 1, 2020 and January 1, 2021 — was freezed by…

[new-haryanvi-ragni]

7th Pay Commission: Central Government Employees to get major DA hike, here's all about arrear and other updates

7th Pay Commission: Central Government Employees to get major DA hike, here’s all about arrear and other updates

Based on the AICPI index data from July to December, the dearness allowance will increase in January next year. According to sources, the government will announce the Dearness Allowance for July on the third Navratri, September 28. The dearness allowance is expected to rise by 4% at current. source…

[ultimateketomealplan]

Hike In Dearness Allowance May Raise Salaries of Govt Employees In July

Hike In Dearness Allowance May Raise Salaries of Govt Employees In July

Government employees are expected to soon get three good news regarding their salary, going by media reports. As the dearness allowance (DA) is revised twice a year in January and July, it is set to be revised next month. Apart from DA, the employees may also get the payment of an 18-month DA arrear and interest on provident fund (PF), according to the reports. The issue of 18-month DA arrears…

[guesthypebusinessfinance]

DA Hike Anticipated in July 2023, seventh Pay Fee: The subsequent hike in dearness allowance (DA) of central staff will doubtless be introduced after a number of months, however preparations for the DA hike announcement have already begun. As per the suggestions of the seventh Pay Fee, dearness allowance is revised each 6 months. The final DA hike had been introduced lately, and the arrears from January 2023 onwards are more likely to be disbursed within the April wage of central authorities staff, however sources say that discussions have already begun regading the following enhance in DA, which is able to doubtless be carried out from July this 12 months. Nevertheless, the number-crunching and estimate of how a lot DA hike authorities staff will get in July 2023, will likely be clear from the calculations which can be to be introduced on April twenty eighth. It would additionally give a broad trace as to a lot dearness allowance hike authorities staff can anticipate within the second-half of 2023.  COMMERCIAL BREAKSCROLL TO CONTINUE READINGAt current, 42% dearness allowance (DA) / dearness aid (DR) is paid to central authorities staff.  Additionally Learn - DA Hike Calculation: Dearness Allowance hiked from 38% to 42%; Test enhance in DA of Central govt staff, pensioners Dearness Allowance hike in July: Elements Dearness allowance is revised as per the most recent Shopper Worth Index Numbers For Industrial Staff (CPI-IW index) of previous months. The All-India CPI-IW for February, 2023 decreased by 0.1 level and stood at 132.7 factors, a Ministry of Labour & Employment launch stated. Whereas the info for the month of March will likely be launched quickly, sources stated that the rise within the index over the previous few months signifies that a DA hike of three% to 4% could also be anticipated in July this 12 months.  Though a miniscule drop of 0.1 level was recorded in February, the index is anticipated to file a progress within the March information releasing on April 28. And this, when mixed with April, Could and July inflation figures, is anticipated to result in a hike of three% to 4% in July DA assessment, sources added. The inflation determine for the month of February stood at 6.16% (year-on-year) as in comparison with 6.16% for the month of January, and 5.04% in the course of the corresponding month in 2022. Likewise, the info launched by the Ministry confirmed that meals inflation stood at 6.13% in opposition to 5.69% for the month of January, and 5.09% in the course of the corresponding month within the earlier 12 months.   DA Hike: How a lot will Dearness Allowance enhance? Based mostly on the calculations of the seventh Pay Fee, the dearness allowance relevant from July 1, 2023 could enhance by 3 to 4%. Based on consultants, even when the index quantity doesn't change within the coming months and it stays at 132.7 factors, there'll nonetheless be a rise of at the very least 3% in DA. Which can result in the dearness allowance rising to 45%. Nevertheless, stories counsel that it's inconceivable that that the index quantity will stay unchanged. And in case there's a sharp rise within the index, then we might even see a DA hike of 4% in July — taking the dearness allowance to 46% from July. DA Hike: How is AICPI-IW information calculated? The Labor Bureau of the Ministry of Labour & Employment points these numbers on the final working day of the following month. To calculate this determine, the bureau collects information of retail costs from 317 markets unfold over 88 industrially vital centres within the nation. The subsequent challenge of CPI-IW for the month of March 2023, will likely be launched on Friday, twenty eighth April, 2023.  DA Hike: Dearness Allowance System  For central authorities staff, the calculation that's used to formulate the dearness allowance is — Dearness Allowance System - [(Average of All India Consumer Price Index AICPI) for the last 12 months - 115.76)/115.76]×100.  For PSU personnel, DA hike is calculated by the under talked about formulation —

For workers working in PSUs (Public Sector Items), the formulation used to calculate the Dearness Allowance is - [Average of Consumer Price Index for the last 3 months (Base Year 2001 = 100)-126.33)] x100 https://guesthype.co.uk/?p=3831&feed_id=7996&cld=6445ff785752f

[moneycafe]

7th Pay Commission: Karnataka Govt Announces DA Hike For State Govt Employees

7th Pay Commission: Karnataka Govt Announces DA Hike For State Govt Employees

Business oi-Vipul Das | Published: Tuesday, July 27, 2021, 9:18 [IST] The Karnataka government has allowed the release of additional arrears of dearness allowance (DA) for its state government employees and pensioners, which had been suspended because of the COVID-19 pandemic’s predicament. The state administration has also increased the allowance from 11.25 percent to 21.5 percent, according…

[net4news]

Dearness allowance for central government employees hiked to 28% from 17% - Net4News

NEW DELHI: The Centre on Wednesday approved an increase in dearness allowance (DA) given to central government employees from 17 per cent to 28 per cent. The hike will be applicable from July 1, 2021, Union minister Anurag Thakur said. It will directly benefit around 48.34 lakh central government employees and 65.26 lakh pensioners, he added. Last year, the Union Cabinet had approved a 4 per cent increase in DA for government employees and pensioners to 21 per cent. This was to be effective from January 1, 2020. However, in wake of the pandemic the disbursement of DA at increased rates was suspended along with DR for the pensioners. Three installments of DA for central government employees and DR for pensioners, due on January 1, 2020, July 1, 2020 and January 1, 2021, were frozen. In a written reply to the Rajya Sabha, Anurag Thakur had said that central government employees and pensioners will get full benefits of DA starting July 1, with all three installments being restored prospectively. The increase in DA from July 1 will only be effective from that day, which implies that the employees would not get any arrears on non-revision of DA for previous period. (With inputs from agencies) Source link Read the full article

[new-haryanvi-ragni]

7th Pay Commission: 3 BIG gifts to govt employees in July; DA hike, 18-months arrear, PF interest rate

7th Pay Commission: 3 BIG gifts to govt employees in July; DA hike, 18-months arrear, PF interest rate

Due to the pandemic, the Finance Ministry halted the DA hike from January 2020 to June 30, 2021. The DA hike was reinstated in July of last year.  source https://zeenews.india.com/personal-finance/7th-pay-commission-3-big-gifts-to-govt-employees-in-july-da-hike-18-months-arrear-pf-interest-rate-2477967.html

[ultimateketomealplan]

Will Central Govt Employees Get DA Arrears? What Govt Says

Will Central Govt Employees Get DA Arrears? What Govt Says

The central government has made it clear that DA arrears withheld from January 2020 to June 2021 will not be released as of now, according to reports. The central government had held back three instalments of DA and DR for January 1, 2020; July 1, 2020; and January 1, 2021, in view of the unprecedented situation which arose due to the COVID-19 pandemic. Dearness allowance is given to government…

[fast1997]

7th Pay Commission: Decision of DA, DR arrears payment likely today | Central employees-pensioners can get special gift, meeting today regarding payment of pending DA arrears

7th Pay Commission: Decision of DA, DR arrears payment likely today | Central employees-pensioners can get special gift, meeting today regarding payment of pending DA arrears

New Delhi2 hours ago copy link Central employees will be paid DA at the rate of 28% from July 1. -symbolic picture Employees and pensioners coming under the central government can get a special gift today. The Center has called a meeting today regarding the payment of Pending Dearness Allowance (DA) arrears. The decision regarding the payment of arrears will be taken in this meeting. If the DA…

[thoonline]

7th Pay Commission: Crucial meet on DA, DR arrear benefits on Saturday, increased salary coming from July 1 | Personal Finance News

7th Pay Commission: Crucial meet on DA, DR arrear benefits on Saturday, increased salary coming from July 1 | Personal Finance News

New Delhi: Lakhs of central government employees who have been eagerly waiting for hike in the Dearness Allowance (DA) will get revised salary from July 1. The government has already said in Parliament that their stalled dearness allowance (DA) and dearness relief (DR) will be resumed from 1 July 2021. Meanwhile, on the arrear front, a meeting between Central government servants’ (CGS’)…