7th Pay Commission: Central employees to get more money, Modi govt's pivotal decisions

Jul 20 2021 01:31 PM
7th Pay Commission: Central employees to get more money, Modi govt's pivotal decisions

New Delhi: The Modi government has recently taken some major decisions for central employees. These decisions are going to directly affect the pockets of the employees. These decisions have been taken on Dearness Allowance (DA), House Rent Allowance (HRA), Pension, etc. Recently, the Government has made significant changes in a pension rule in case of the death of an employee. This will benefit the family or dependence of the employee if he is not there.

In fact, the obligation of 7 years of service for pension for those dependent on employees has been removed. That is, now, in case of death of an employee before seven years, 50% of the pension will be given to the family or its dependents. Talking about HBA, government employees who want to build their houses are being benefited through it. Under the scheme, the government is lending at an interest rate of 7.9 percent and employees can apply for the same. The government has extended the deadline for the scheme. It can be availed by 31st March 2022.

With this, the Government has increased the DA and DR of employees and pensioners. DA and DR have been increased from 17 percent to 28 percent. With the increase in DA, the HRA has also been revised. In fact, the Department of Expenditure had issued an order on 7th July 2017 stating that when the dearness allowance exceeds 25 percent, the house rent allowance will be revised. Dearness Allowance has been increased to 28 percent from 1st July due to which HRA has also been revised.

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