Good news for federal employees? Get Whole Detail

Good news for federal employees?
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Mid-level employees will receive three major awards in September. First is the Employee Dearness Allowance. It will increase again to 4 percent. The decision can be made in the ongoing discussions with the government about the DA debt. On the other hand the third one is related to Provident Fund (PF) under which the interest amount of the PF account is likely to come at the end of August or September. it was also determined by the AICPI index data for the month of May. The AICPI index for June is expected to be higher than in May ahead of the fastest growing AICPI index data since February. AICPI index figures rose sharply in June. It gained 1.3 points to 129 points in May. The number in June reached 129.2. Now a 4% increase in Dearness Allowance is expected in September.

The issue of pending expenditure (DR) for a period of 18 months has now come to the notice of Prime Minister Narendra Modi. A decision in this regard is likely to be taken soon. In this situation the central employees are waiting with full hope that they will soon get their dearness allowance from the central government. Due to the spread of Covid-19, the Ministry of Finance has suspended the DA till 30 June 2021 in May 2020. Employees’ Provident Fund Organization (EPFO) will hear good news about the interest of 7 crore customer accounts. . The interest amount can be transferred to the bank account of PF customers at the end of this month. Because according to the information received so far. PF is calculated. This time as per 8.1%.. Staff said that this time PF interest will be calculated in the account.

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Source: IndiaHerald.com – Purushotham Vinay]]>

Source : www.indiaherald.com

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