CG Employees News Latest Update 18 Months DA Arrears 2023
In regards to the latest status of DA arrears for 18 months owed to Central Govt employees, it has been confirmed that the government has made the decision not to provide the outstanding Dearness Allowance (DA) arrears that were suspended during the Covid-19 pandemic. Specifically, the DA and DR arrears that were suspended from January 2021 to June 2021 will not be paid. This halt in DA and DR arrears was experienced by Central Govt employees, pensioners, and family pensioners for a year and a half due to the pandemic. Stay up to date with the latest developments regarding DA arrears for Central Govt employees.
Current Status of 18 Months DA Arrears
Stay up-to-date on the latest news regarding the release of 18 months’ worth of DA arrears for Central Government employees and pensioners which were put on hold during the Covid-19 pandemic. Get the most recent information from Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, regarding the latest update for 2023. As a result of the pandemic’s economic disruption, the Government made the decision to freeze three instalments of Dearness Allowance (DA)/Dearness Relief (DR). Although the release of arrears of DA/DR, primarily for the challenging period of FY 2020-21, remains unfeasible, the Government managed to save and allocate a significant amount of 34,402.32 crores by freezing Dearness Allowance and Dearness Relief’s three installments to mitigate the pandemic’s economic impact on Central Government employees and pensioners. Keep yourself informed about the 18 Months DA for CG Employees News latest update 2023 with Shri Pankaj Chaudhary’s announcement.
18 months DA arrears Today 2023
In 2023, the latest update on the 18 Months DA for CG Employees News has been announced by Shri Pankaj Chaudhary. Due to the COVID-19 pandemic’s economic effects, the arrears for the period from January 1st, 2020 to June 30th, 2021 were frozen. This decision was made by the government to ease the pressure on their finances during the pandemic-induced economic disruption. Unfortunately, the arrears, which primarily relate to the challenging fiscal year of 2020-21, are currently not considered feasible due to the adverse financial impact of the pandemic and the financing of welfare measures. However, the government managed to save and use an amount of Rs. 34402.32 crores to overcome the pandemic’s economic impact by freezing three installments of Dearness Allowance and Dearness Relief payable to Central Government employees and pensioners. To keep up-to-date with the latest DA news for CG employees in 2023, stay tuned.
DA arrears for Pensioners Latest News
The latest news on Pensioners DA arrears indicates that there will be a salary and pension hike effective starting January 2023. The Cabinet Committee is set to approve an increase in the Dearness Allowance for Central Government employees, following the 7th Pay Commission DA formula, which will result in a 4% hike. This development will benefit employees, pensioners, and family pensioners alike.
Furthermore, along with their upcoming salary or pension earnings, individuals can also anticipate receiving arrears for Jan and Feb 2023. Stay informed with the latest updates on Pensioners DA arrears by keeping up-to-date with our news section.
18 Months DA Arrears Table 2023
The “18 DA Arrears Table” is a comprehensive guide to the rates of DA and DR from 2016 to 2022. If you’re looking for information on the latest rates, you’ll find that the rate for July to December 2022 is 38% and for January to June 2022, it is 34%. In July to December 2021, the rate stood at 31%, while there was no DA and DR allotted from January to June 2021. Similarly, there was no DA and DR in January to December 2020. For July to December 2020, the rate was 17%, and from January to June 2020, it was 17%.
The rate for 2019 was 17% from July to December and 12% from January to June, and in 2018, it was 9% from July to December and 7% from January to June. In 2017, the rate was 5% from July to December and 4% from January to June. Finally, in 2016, it was 2% from July to December and 0% from January to June. The “18 DA Arrears Table” provides an overview of the fluctuating rates of DA and DR over the years, making it an essential resource for anyone looking for accurate and up-to-date information.
The 18 DA Arrears Table is a crucial document for government employees to stay updated on the latest rates. If you’re looking for the DA and DR rates applicable from January to June 2022, or from July to December 2022, the table has you covered. The rate for the latter period is 38% (34%+4%), while the rate for the former period is 34% (31%+4%).
In 2021, there was no DA and DR applicable for January to June, while the rate for July to December was 31% (28%+3%). For January to June 2021, the rate was 17% (24%+4%=28%). In the previous year, there was no DA and DR for January to December 2020. From July to December 2020, the rate was 17% (21%+3%=24%), while the rate for January to June 2020 was 17% (17%+4%=21%).
If you’re looking even further back, the DA Rates Table 2019 shows that from July to December 2019, the rate was 17% (12%+5%), while the rate for January to June 2019 was 12% (9%+3%=12%). As you can see, the 18 DA Arrears Table is an invaluable resource for keeping track of DA and DR rates.