7th Pay Commission latest news today: It is clear from the AICPI index numbers for April 2022 that dearness allowance (DA Hike) is set to increase by at least 4%.
7th Pay Commission latest news today: Great news has finally arrived for the central employees. From July 1, 2022, how much will be increased in their dearness allowance, it has been confirmed. Inflation figures have arrived. The big thing is that till now it seemed from the inflation data that the DA of central employees would increase by 3 or 4 percent. But, now the fast-moving index has indicated that there may be a jump of 5% in it. But, for this, the inflation figures for May 2022 will have to be seen. However, from the AICPI index numbers for April 2022, it is clear that the dearness allowance (DA Hike) is set to increase by at least 4%.
How much is the AICPI Index?
There has been a big jump in the numbers of the AICPI index for April 2022. It has seen an increase of 1.7 points. The total number of the index in April has been 127.7. Inflation figure in March stood at 126. If we look at the numbers for February, the index has climbed 2.7 points till April. The increase in Dearness Allowance (DA Hike news) is done on the basis of these numbers. The index moves according to the movement of inflation. If it increases, then dearness allowance for central employees also increases.
Calculation on 38% DA
Central employees are currently getting 34 percent dearness allowance. But, from July 1, 2022, if there is an increase of 4 percent in their dearness allowance, then it will reach 38 percent. This will also give a significant jump in their salary. After increasing the dearness allowance by 4%, the total DA will become 38%. Now on the basic salary of Rs 18,000, the total increase in the annual dearness allowance will be Rs 8640.
Calculation on minimum basic salary
1. Basic salary of the employee Rs 18,000
2. Existing dearness allowance (34%) Rs 6120/month
3. New dearness allowance (38%) Rs 6840/month
4. By how much dearness allowance increased 6840-6120 = Rs 720/month
5. Increase in annual salary 720X12 = Rs 8640
Calculation on maximum basic salary
1. Basic salary of the employee Rs 56900
2. New dearness allowance (34%) Rs 19346 / month
3. Dearness allowance so far (31%) Rs 21622 / month
4. How much dearness allowance increased 21622-19346 = Rs 2276 / month
5. Increase in annual salary 2276 X12 = Rs 27,312
Labor Ministry releases figures
The next dearness allowance will be announced after July. Earlier, the numbers of the AICPI index gives an idea of how much dearness allowance will increase. The index has been steadily rising since February. In such a situation, DA Hike seems to be 4%. The data of All India Consumer Price Index (AICPI) has been taken by the Ministry of Labor and Employment on the basis of retail prices collected from 317 markets located in 88 industrially important centers of the country. The index has been prepared for 88 centers and for the entire country. AICPI is released on the last working day of every month.
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