FinanceLane
  • Funding
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Commodities
    • Forex
    • Private Equity
    • Real Estate
    • Crypto Investing
  • Lending
    • Personal Loan
    • Business Loan
    • Mortgage
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Health Insurance
    • Auto Insurance
    • Education Insurance
    • General Insurance
  • Banking
    • Individual Banking
    • Business Banking
    • Investment Banking
    • Neo Banking
    • Payments Bank
  • Crypto
    • Crypto Coins
    • Crypto Trading
    • Bitcoin
    • Blockchain
    • DAPP
    • Crypto Investing
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Payments
    • Digital Banks
    • Alternative Financing
    • Asset Management
    • Softwares
  • Venture
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Login
No Result
View All Result
  • Earning
  • Savings
  • Investments
  • Budgetting
  • Credit Management
  • Tax Planning
  • Retirement
  • Advisory Lane
FinanceLane
Home News Feed Advisory

7th Pay Commission: Dearness Relief hiked by 3%; these central govt pensioners to benefit

FinanceLanebyFinanceLane
April 7, 2022
in Advisory, Investments, News Feed, Savings, Tax Planning, Wealth
Reading Time: 3 mins read

The Department of Pension & Pensioners’ Welfare informed that Dearness Relief (DR) to Central Government pensioners, family pensioners in increased by 3 % to 34% effective from January 1, 2022.

According to the Department of Pension & Pensioners’ Welfare tweet, the DoPPW issued orders increasing the Dearness Relief available to Central Government pensioners, family pensioners from 31% to 34% of the basic pension, family pension, effective January 1, 2022.

DoPPW has issued orders on 05.04.2022 for enhancing the Dearness Relief admissible to Central Government pensioners… https://t.co/UGLzyEFmVf

— DOPPW_India (@DOPPW_India) 1649225678000

The Dearness Relief is payable on original basic pension before commutation.

According to the office memorandum dated April 5, 2022, “The undersigned is directed to refer to this Department’s OM No. 42/7/2021 – P&PW(D) dated 27. 10.2021 on the subject mentioned above and to state that the President is pleased to decide that the Dearness Relief admissible to Central Government pensioners/family pensioners shal1 be enhanced from the existing rate of 31% to 34% w.e.f 01.01.2022.

Thèse rates of DR will be applicable to the following categories:-

Civilian Central Government Pensioners/Family Pensioners including Central Govt. absorbee pensioners in PSU/Autonomous Bodies in respect of whom orders have been issued vide this Department’s OM No. 4/34/2002-P&PW(D)Vol.II dated 23.06.201 7 for restoration of full pension after expiry of commutation period of 15 years.

The Armed Forces Pensioners, Civilian Pensioners paid out of the Defence Service Estimates.

  • All India Service Pensioners
  • Railway Pensioners/family pensioners
  • Pensioners who are in receipt of provisional pension
  • The Burma Civilian pensioners/family pensioners and pensioners/families of displaced Government Pensioners from Burma/ Pakistan, in respect of whom orders have been issued vide this Department’s OM No. 23/3/2008-P&PW(B) dated 1 1.09.2017.

According to the Pensioner’s Portal website, “DR is normally declared twice a year during the months of March & September. So in the months of January & February, DR on Pension/Family Pension will be calculated according to the DR Rates available for the month of December of the previous year. Similarly, for the month of July & August, DR will be calculated w.r.t. DR rates available for the month of June.”

Arrears of DR for the months of January and February, as well as July and August, will be disbursed by the disbursing authorities in April and October, respectively.

In March, it was announced that the dearness allowance component of central government employees’ salaries has been hiked. According to the notification, the DA has been increased by 3% to 34% from 31% previously. The increase will go into effect on January 1, 2022.

Source Link

Related Topics

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Prev Next

You May Like

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Advisory

Bank FDs vs post office term deposit: Which offers senior citizens higher interest rate for short term

Blockchain

Crypto.com Offers Google Pay and Apple Pay Support for Canadian Users

Blockchain News

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers

Blockchain News

Yuga Labs Sets Up BAYC Community Council to Boost Innovations

Advisory

Central govt employees: General Provident Fund (GPF), CPF interest rates announced for Oct-Dec 2022 quarter

Bitcoin

Bitcoin Crosses $20K Mark, as Whales Continue to Accumulate Tokens

Financial News

Advisory

Experts deliberate on the need for health insurance to secure your today and tomorrow

FinanceLane
by FinanceLane
Advisory

7 ways not to live off your kids in old age

FinanceLane
by FinanceLane
Advisory

Is moving to a new city worth the effort?

FinanceLane
by FinanceLane
Advisory

Is it a central government holiday today?

FinanceLane
by FinanceLane
Advisory

Karnataka Bank revises domestic, NRE FD interest rates

FinanceLane
by FinanceLane
Advisory

Will Dogecoin reach 1 dollar? 5 meme coin crypto price predictions in 2022

FinanceLane
by FinanceLane
Bitcoin

Bitcoin Balance on Exchanges Experiences Macro Decline as Price Eyes a Weekly Close Above the 200-Week MA

Blockchain
by Blockchain
Blockchain News

Su Zhu and Kyle Davies Finally Speaks About the Collapse of 3AC

Blockchain
by Blockchain
Advisory

List of banks that have increased FD interest rates in the last two weeks

FinanceLane
by FinanceLane
Advisory

5 banks offering best home loan interest rates

FinanceLane
by FinanceLane
Advisory

Mirae Asset Large Cap mutual fund review: Return profile has visibly slipped of late

FinanceLane
by FinanceLane
Advisory

PAN–Aadhaar linking penalty: How to pay fine to link PAN with Aadhaar

FinanceLane
by FinanceLane
Load More
FinanceLane.com
  • Disclaimer
  • Privacy Policy
  • Terms of use
  • Subscribe
  • Contact

Subscribe to get the latest updates

Follow us on

© 2022 FinanceLane.com. All rights reserved.

  • Home
  • Funding
    • Equity Funding
    • Debt Funding
    • Real Estate Funding
    • Crowdfunding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2022 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.