Good news for government employees: The central government has given good news to millions of central employees in the country amid the Koro epidemic crisis.
Good news for government employees amid drastic crisis, sharp rise in variable inflation allowances
The government has announced an increase in the Variable Dearness Allowance (VDA) for employees, which will bring a smile to the face of about 1.5 crore central employees. The effect of this decision will also be seen on gratuity.
Doubled variable inflation allowance
The Union Ministry of Labor and Employment has increased the variable dearness allowance for central employees.
Employees used to get variable inflation allowance of Rs 105 per month, which has now doubled. That means now you will get Rs 210 per month.
1.5 crore employees will get benefits
According to a notification issued by the Union Ministry of Labor and Employment, the pay hike will be effective from April 1, 2021. This increase will also increase the minimum wage of central employees.
The decision by the Union Ministry of Labor and Employment is expected to directly benefit about 1.5 crore employees working in the central government, railways, mining, oil fields, ports and other central government-affiliated offices.
According to the central government, contract and casual employees / workers will also get additional benefit in variable inflation allowance.
PF, gratuity will also increase
Variable inflation allowance is determined on the basis of average Consumer Price Index for Industrial Workers (CPI-IW). Which is prepared by the Labor Bureau. The new Consumer Price Index for Industrial Workers (CPI-IW) for July-December 2020 has been used for the new variable inflation allowance (VDA), the ministry said. According to media reports, the additional benefit in variable inflation allowance will also be on provident fund, gratuity and other benefits which are directly linked to DA.
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