7th Pay Commission: Inflation allowance may increase by 28%, salary will increase from July 1
More than 50 lakh central employees and 65 lakh pensioners are eagerly awaiting the hike in inflation allowance. The inflation allowance is expected to rise by 28 percent by July.
More than 50 lakh central employees and 65 lakh pensioners are eagerly awaiting the hike in inflation allowance. The inflation allowance is expected to rise by 28 per cent by July.
Also Read: How to Find Vehicle Owner Details Online?
Increase in inflation allowance
According to the latest AICPI data, the inflation allowance for January to June 2021 could increase by at least 4 percent. However, the government is going to implement the inflation allowance on July 1 with special benefits after the additional ban. In addition, a three percent inflation allowance from January to June 2020 and a 4 percent from July to December is expected to be added to the central staff.
The inflation allowance is expected to increase from 17 per cent to 28 per cent. It may be mentioned here that three installments of January 1, 2020, July 1, 2020 and January 1, 2021 were stopped due to the Koro epidemic.
What Anurag Thakur said
In March, Union Minister of State for Finance Anurag Thakur told Parliament that all Union government employees would get the full benefit of the inflation allowance from July 1. He also said that three padding installments will also be received soon.