7th Pay Commission Latest News Today: Pensioners of This State to Get Hiked Dearness Allowance From May; Check Details, 7th Pay Commission latest news has brought a smile on the faces of the pensioners in Madhya Pradesh, amid the ongoing Lok Sabha Elections 2019.
Amid the Lok Sabha Elections 2019 fever, the Finance Department of a state has given the pensioners a valid reason to smile. If reports are to be believed, over 4 lakh pensioners in Madhya Pradesh are likely to get the hiked Dearness Allowance, as per 7th Pay Commission recommendations, from May 2019.
As per reports, the hiked DA will be included in Madhya Pradesh government pensioners from next month and the decision on the arrears between January 2018 till April 2019 is to be taken after the conclusion of ongoing general elections.
The decision of granting hiked DA to the state pensioners was taken in the wake of a letter written to the Election Commission of India (ECI) by Madhya Pradesh finance minister Tarun Bhanot. According to report in LatestLY, the pensioners in the Congress-ruled state will now get 7 per cent DA from January 2018 to June 2018 and 9 per cent DA from July 2018 to April 2019.
The voting for the polls will be held in seven phases from April 11 to May 19. The counting of votes will be held on May 23. The hike in DA for pensioners comes after the Central government employees received their share of the bonanza.
What is Dearness Allowance?
Dearness allowance is paid to take into account the impact of inflation which increases the cost of living. The allowance is paid to government employees including pensioners so that they adjust their expenditure in line with the inflation rate. With an increase in dearness allowance, the impact of inflation gets cushioned on government employees.
Meanwhile, the hopes of Central Government employees, demanding a hike in minimum pay and fitment factor beyond 7th Pay Commission recommendations, were dashed with the announcement of Lok Sabha Elections 2019 schedule. The polling for the general elections began on April 11 and will be held in seven phases till May 19. The counting of votes is scheduled to happen on May 23.