7th Pay Commission Latest Update: After the data of AICP index for March, it is almost certain to increase the DA of central employees in July. This time the DA of the employees can be increased by up to 4 percent. On this basis, the DA of employees with basic salary of Rs 56,900 will increase by Rs 27,312 annually.
7th Pay Commission Latest Update: The announcement of increasing dearness allowance of central employees was made by the government in March. The government talked about implementing the DA hike from January 1. The Finance Ministry had talked about giving three months arrears along with the salary of April. Now in July, once again the dearness allowance of central employees is expected to increase.
May increase up to 4%
It has become clear from the All India Consumer Price Index (AICPI) that came in March that dearness allowance may increase at the rate of 4% in July-August. There was a fall in AICPI figures in January and February. Based on these figures, the possibility of increasing the DA (Dearness Allowance) for July-August was less. But after the release of the number of March, the DA hike is being considered fixed.
Data for three months yet to come
If DA hike is 4 percent in July-August, then dearness allowance of central employees will increase from 34 percent to 38 percent. Although the figures for April, May and April are yet to come, but seeing the rising inflation, the AICPI figure is likely to increase.
What will be the salary if DA is 38 percent?
Employees with basic salary of Rs 56,900 will get Rs 21,622 as DA on account of dearness allowance being 38%. According to 34 percent DA, these employees are getting dearness allowance of Rs 19,346. According to this, his salary will increase by Rs 2,276 every month (Rs 27,312 annually).
Hike in minimum wage
Those with 18 thousand basic salary are currently getting DA of Rs 6,120. If the DA is 38%, it will increase to Rs 6,840. That is, every month salary will increase by Rs 720. According to this, there will be an increase of Rs 8,640 annually.
Why is DA given?
Let us tell you that DA (Dearness allowance) is given to the state and central government employees to improve their cost of living level. The purpose of the government behind this is that despite the rise in inflation, there should be no difference in the living conditions of the employee.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
