Modi government can give new employees a gift in the new year, pay can increase up to Rs 10,000

Modi government can give new employees a gift in the new year, pay can increase up to Rs 10,000

Modi government can increase central employees' inflation allowance by 4% in January
NEW DELHI: Central employees are likely to have twice the bio central employees' inflation allowance (DA) from January. The increase in the Dearness Allowance can increase the salary of central employees by up to Rs 10,000 per month. The decision will benefit 50 lakh government employees. On the other hand, 62 lakh pensioners will also benefit. Inflation allowance may increase by 4 percent
According to a report published in Zee Business, the central government could increase the inflation allowance for central employees by 4 percent for January-June 2020. With the increase in the inflation allowance, the salaries of central employees may increase from Rs 720 to Rs 10,000. It is noteworthy that twice a year, the central government increases inflation allowance to central employees. This increase is done in January and June. The inflation allowance is expected to increase in January in the new year.
Currently 17% gets inflation allowance At present, central employees receive 17 per cent inflation allowance. If Modi increases the allowance by 4 percent, the allowance will be increased to 21 percent. What is an inflation allowance?
The Dearness Allowance is an inflation allowance that is given to government employees in the country to improve living standards. This amount is paid so that even after inflation rises, it is not difficult for the employee to make a living due to the level of living. The money is given to government employees, public sector employees and pensioners. The inflation allowance is calculated as a percentage of the basic. This allowance is paid to minimize the impact of inflation on the employee.

Government clarification on increment Recently, the Ministry of Finance's Department of Expenditure has made it clear on the Central Civil Services Rule 10, 2016 regarding promotion and promotion of central employees. According to this rule, employees receive increments based on the date of their appointment on January 1 or July 1. Under this rule, central employees get promotion and financial upgrades.

  👉  click here to view