Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Central employees can get some much awaited good news today. In an important central government meeting to be held on June 26, decision on the arrears from the outstanding dearness allowance (DA) can be taken. It is worth noting that since January 2020, central govt employees haven’t been paid their DA.
The Finance Ministry, National Council of Joint Consultative Machinery (JCM) and Department of Personnel and Training (DOPT) will attend this important meeting.
According to reports, the central govt employees are expected to get the full payment of DA starting from July 1. This payment can be made in three installments. Also, this payment will be calculated as per the 7th Pay Commission.
Due to the impact of the coronavirus pandemic, the payment of DA to the central employees and the last three installments of DR of pensioners were stopped. This includes the installments of January 1, 2020, July 1, 2020 and January 1, 2021.
It is worth noting that in January 2020, the dearness allowance of central employees was increased by 4% and later in June, 2020, it was increased by 3%. To add to this, the dearness allowance was increased by 4% in January this year as well.
Therefore, when the decision on DA payment is made, the central employees will get 2 years dearness allowance in the account along with arrears.