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Good news for govt employees: Details Inside

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52 lakh central government employees, central government servants (CGS), and more than 65 lakh pensioners are all set to start receiving Dearness Allowance (DA) benefits approved under the 7th Pay Commission from July 1, 2021.

The Central government has recently confirmed in the parliament about the rollout of stalled dearness allowance (DA) and dearness relief (DR) from next month. However, many employees are still confused about how much salary they will get from next month onwards according to their 7th pay commission matrix.

Currently, dearness allowance is paid at 17% of the basic pay. The DA will be increased by 11% to 28% after it will be reinstated from July 2021 onwards.

The 11% hike comes after adding three pending DA hikes, including a 3 per cent jump in DA from January to June 2020, a 4 per cent rise from July to December 2020, and a 4 per cent increase from January to June 2021. Also Read: Delhi unlock: Curbs eased further, bars and public parks to re-open

How to calculate salary after DA hike?

In the 7th Pay Commission, the salary of a central government employee consists of three components: basic salary, allowances and deductibles. The minimum basic salary of central government employees according to the pay matrix is Rs 18,000.

On the existing pay matrix, Rs 2,700 per month will be directly added to the basic salary of the central government employees. With the hike, employees’ total dearness allowance will increase by Rs 32,400 on annual basis.

Will central government employees get DA arrears?

The employees of the Central government are requesting the Centre to pay DA arrears. However, the government has already made it crisp and clear that no arrears will be paid for DA hike that would have been come into effect a lot earlier has there been no pandemic.

 

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ATM charges, Salary, pension, EMI payment rules to change from August 1

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Tomorrow is August 1 and there will be certain changes in the banking transactions from next month. These modifications include that your salary will be credited on Sundays and gazetted holidays. The apex bank, Reserve Bank of India (RBI) has recently announced that the National Automated Clearing House (NACH) will remain functional all days of the week from August 1, 2021.

Operated by the National Payments Corporation of India, NACH helps in facilitating credit transfers such as payment of dividends, interest, salary and pension. It also facilitates the collection of payments pertaining to electricity, gas, telephone, instalments towards loans, investments in mutual funds and insurance premium.

Currently, this facility of crediting salary is operational on working days of banks and therefore, the auto-debits are not allowed on bank holidays, gazetted holidays and even Sundays. “In order to further enhance customer convenience, and to leverage the 24×7 availability of real-time gross settlement (RTGS), NACH which is currently available on bank working days, is proposed to be made available on all days of the week effective from August 1, 2021,” RBI governor Shaktikanta Das had said.

This is aimed at reducing the duration of salary processing which includes salary credits, bill payments, insurance premiums and loan EMIs. Earlier, it was delayed due to bank holidays and this auto-transfer facility has helped the transfer of government subsidies during the present COVID-19 in a timely and transparent manner, RBI said.

Recently, RBI Governor Shaktikanta Das had announced several key financial, economic measures amid the pandemic. Among other measures, he had announced 24×7 availability of RTGS and NACH from August 1, 2021.

 

 

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Got 1 rupee Indian coin? Here’s how it will make you a crorepati

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A 1 rupee Indian coin lying idle in your collection box could pave the way for you to earn crores of rupees just from the comfort of your home, provided you ensure that currency in your possession matches certain criteria. You could earn nearly Rs 10 crore by selling it online. For selling notes and currency of collection you can visit websites that deal with them with a very high premium.

Actually, the coin of Rs 1 that we have mentioned above was auctioned for Rs 10 crore. But this coin is not an ordinary coin. The coin that has been auctioned at such a high premium was printed during British rule and was printed in 1885. Incase you are in possession of such a coin, you too could get Rs 10 crore for it on the online auction.

There are several websites that deal in auctioning of such rare coins. To auction these old coins, you can also visit OLX. You will need to create your login ID and auction your coin. Additionally, you can also auction coins by creating your ID on indiamart.com. You will have to share the photo of your coin for the auction.

Several people are into buying antique goods while several coin collectors are also out there who would go to any length to acquire rare coins.

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Big news for Aadhaar card holders! Now get mobile number updated at your door step

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In what could come as a major relief for Aadhaar card holders, updating their mobile numbers on the 12 digit Unique Identification card is now available at their doorsteps.

Individuals can now update mobile numbers on their Aadhaar cards at their doorstep with the help of a postman. India Post Payments Bank and Unique Identification Authority of India under an arrangement will allow postmen to update mobile numbers of Aadhaar cardholders. The service will be available through a network of 650 India Post Payments Bank, 1.46 lakh postmen and Gramin Dak Sevaks (GDS).

At present, IPPB is only providing mobile update service and will very soon also enable child enrolment service through its network.

Meanwhile, Aadhaar issuing body Unique Identification Authority of India (UIDAI) had a couple of months ago listed out 4 important charges for Aadhaar Services in its fresh tweet.

“New Aadhaar Enrolment and MBU (at 5&15 yrs) are free. Charges for updating Aadhaar are fixed: ₹50 for demographic update & ₹100 for biometric update (with/without demographic update). Call 1947 or write to us at [email protected] if you are asked to pay extra,” UIDAI has tweeted.

Aadhaar Enrolment charges: Free

Mandatory Biometric Update with or without Demographic update: Free

Demographic update (Name, Address, Date of Birth, Gender, Mobile Number, E-mail): Rs 50

Biometric update with or without Demographic update: Rs 100

Other than the above you can also order for Aadhaar PVC Card. It can be ordered online through uidai.gov.in or resident.uidai.gov.in using Aadhaar number, Virtual ID or Enrolment ID. Users can do so by paying a nominal charge of Rs 50. Aadhaar PVC Card is delivered to the resident’s address by speed post.

 

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Covid-19 Stats

31 Jul 2021, 11:49 AM (GMT)

Coronavirus Stats

31,654,584 Total Cases
424,384 Death Cases
30,812,873 Recovered Cases

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