All State RTE Admission 2024-25 | LKG and Class-1 Apply Now!Central 18 Months DA arrears Latest News
According to reports, there are claims that both current central government employees and pensioners have outstanding dearness allowance (DA) payments for up to 18 months. It has been stated that pensioners are entitled to at least 11,000 rupees, with current employees owed a minimum of 24,000 rupees. Despite this, the Central government has stated that there are no current plans to release any arrears for the period spanning January 2020 to June 2021.
In regards to the latest status of DA arrears for 18 months to central government employees, it has been determined that the suspended Dearness Allowance (DA) arrears from January 2021 to June 2021 will not be provided by the central government as of January 2022. Furthermore, the DA and DR arrears for central government employees, pensioners, and family pensioners were also halted for a year and a half due to the Covid-19 pandemic. Stay up-to-date on the latest developments regarding DA arrears for central government employees.
Current Status of 18 DA Arrears
If you’re searching for the latest update on the release of 18 months’ worth of DA arrears for Central Government employees and pensioners, which were halted during the Covid-19 pandemic, you’re in luck. Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary recently made an announcement regarding this issue. In response to the economic disruption caused by the pandemic, the decision was made to freeze three installments of Dearness Allowance (DA)/Dearness Relief (DR). The Government saved an impressive amount of 34,402.32 crores by taking this step to mitigate the pandemic’s economic impact on Central Government employees and pensioners. While releasing the arrears of DA/DR, mainly pertaining to the challenging period of FY 2020-21, is not currently feasible, the latest update is available from Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary.
18 DA Latest News Today 2023
Shri Pankaj Chaudhary spoke about the latest update on the 18 Months DA for CG Employees News in 2023. The arrears for this period, from January 1st, 2020 to June 30th, 2021, were frozen due to the economic effects of COVID-19. The government took this decision to ease pressure on their finances, as the pandemic caused economic disruption. The arrears, which mainly relate to the challenging fiscal year of 2020-21, are not currently 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. Stay updated with the latest DA news for CG employees in 2023.
Pensioners DA arrears Latest News
Keep up-to-date with the most recent news on Pensioners DA arrears! The Cabinet Committee has recently approved a 4% increase in Dearness Allowance, following the 7th Pay Commission DA formula. Central Government employees can expect a salary and pension hike effective January 2023, which will benefit not just the employees but also their families and pensioners. Furthermore, individuals can look forward to receiving arrears for Jan and Feb 2023, which will boost their upcoming pension or salary earnings. Keep yourself informed by regularly checking our news section for the latest Pensioners DA arrears updates.
18 DA Arrears Table
The “18 DA Arrears Table” displays the rates of DA and DR from 2016 to 2022. For July to December 2022, the rate is 38%, while from January to June 2022, it is 34%. In July to December 2021, the rate was 31%, whereas no DA and DR were allotted from January to June 2021. Likewise, there was none in January to December 2020. For July to December 2020, the rate was 17%, and from January to June 2020, it was 17%.
In 2019, the rate was 17% from July to December and 12% from January to June. In 2018, it was 9% from July to December and 7% from January to June. In 2017, it 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. This “18 DA Arrears Table” highlights the fluctuating rates of DA and DR over the years.
Looking for the 18 DA Arrears Table? Here’s a breakdown of DA and DR rates from 2019 to 2022. From January to June 2022, the rate is 34% (31%+4%=34%), while from July to December 2022, it’s 38% (34%+4%=38%). In the same period for 2021, the rate was 31% (28%+3%=31%), and for January to June 2021, it was 17% (24%+4%=28%). There was no DA and DR for January to December 2020 and January to June 2021. In July to December 2019, the rate was 17% (12%+5%), and for January to June 2019, it was 12% (9%+3%=12%). For more information, refer to the 18 DA Arrears Table.
What is the most recent information regarding the disbursement of DA arrears for Central Government staff and retirees spanning 18 months?
As a result of the economic challenges brought about by the pandemic, the Government of India has declared that three divisions of Dearness Allowance (DA)/Dearness Relief (DR) will not be awarded. Allocating funds for arrears of DA/DR, which predominantly correspond to the strenuous period of FY 2020-21, is currently not possible. However, a substantial amount of 34,402.32 crores was saved and put to use by the Government through the freeze.
What is DA arrears for 18 months to Central Government employees?
DA arrears refer to the difference between the Dearness allowance that was paid to an employee and the Dearness allowance that is due to the employee in the current financial year. The 18 months of arrears is the difference between the DA paid for the past 18 months and the current rate of Dearness Allowance due to the employee.
What is the current status of 18 DA arrears?
The current status of 18 DA arrears is that the government is yet to release the details on when and how the arrears will be paid to the employees.
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