Central Government has planned to offer House Building Advance (HBA) benefit to all central government servants (CGS). The basic interest rate charged on this HBA is 7.9 per cent and the benefit will remain available till 31st March 2022.
Ministry of Housing & Urban Affairs Housing-III issued Office Memorandum (OM) in this regard and said, "Regarding House Building Advance (HBA) — 2017, the rate of interest on House Building Advance to central government employees will be @7.90% from 1st October 2020 to 31st March 2022 i,e,. for 18 months."
Shiva Gopal Mishra, Secretary — Staff Side at National Council of JCM said, "HBA can be claimed for buying a plot and constructing house on it. It can be claimed by a central government employee for constructing house on a plot registered in its name or in the name of its spouse or in case the plot is jointly owned by the employee and its spouse."
According to the All India Consumer Price Index (AICPI) data release, between January and June 2021, at least DA can be increased by 4 percent, media reports have said. The reports further mention that after the DA is reinstated, the Dearness Allowance of the central employees may increase from 17 percent to 28 percent. This includes a 3 percent increase in DA from January to June 2020, a 4% increase from July to December 2020, and a 4 percent increase from January to June 2021. That means the total DA calculation will be (17 + 4 + 3 + 4) 28 percent.
“In order to ensure “Ease of Living’ of the Pensioners, a meeting was held with the CPPCs of Pension Disbursing Banks on 15.06.2021, wherein the issue of providing the breakup of monthly pension to the pensioners was discussed,” the Department of Pension and Pensioners’ Welfare (DoPPW) said in an Office Memorandum (O.M.) dated 22nd June 2021.