New Delhi: Recently, the Modi government has taken some big decisions for the central employees. These decisions are going to have a direct impact on the pockets of the employees. These decisions have been taken on Dearness Allowance (DA), House Rent Allowance (HRA), pension etc. Recently, the government has made important changes in the pension rules in case of death of the employee. This will benefit the family or its dependents in the absence of the employee.
Actually, the requirement of 7 years of service for pension for the dependents of the employees has been removed. That is, on the death of an employee before seven years, 50 percent of the pension will be given to the family or its dependents. Talking about HBA, government employees who want to build their own house are getting the benefit of it. Under this scheme, the government is giving loans at an interest rate of 7.9 percent and employees can apply for it. The government has extended the deadline of the scheme. Its benefit can be availed till 31 March 2022.
Along with this, the government has increased the DA and DR of employees and pensioners. DA and DR have been increased from 17 per cent to 28 per cent. Along with the increase in DA, changes have also been made in HRA. In fact, the Department of Expenditure had issued an order on July 7, 2017 saying that the house rent allowance would be revised if the dearness allowance exceeds 25 percent. Dearness Allowance has been increased to 28 per cent with effect from July 1, due to which HRA has also been revised.
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