7th Pay Commission DA Hike Update: There is big news for 1 crore central employees and pensioners. It is expected that the government may announce an increase in dearness allowance on Wednesday. An increase of 3 to 4 percent is expected in dearness allowance (DA). If the government increases, then this DA can increase from 50% to 54%
7th Pay Commission DA Hike Update: There is big news for 1 crore central employees and pensioners. It is expected that the government may announce an increase in dearness allowance on Wednesday. An increase of 3 to 4 percent is expected in dearness allowance (DA). If the government increases, then this DA can increase from 50% to 54%. This year in March 2024 also, the government had increased it by 4%, after which DA became 50%. DA is reviewed every six months. Whenever the announcement is made, but it is considered to be implemented from 1 January and 1 October. This time Diwali bonus will also come in the October salary.
DA will increase under the pressure of inflation:
Dearness allowance is an important part for employees and pensioners, which is based on the average of the All India Consumer Price Index (AICPI). If there is a 3% increase this time, then those whose basic salary is ₹ 18,000 will get monthly DA increased from ₹ 9,000 to ₹ 9,540. If there is a 4% increase, it can reach ₹ 9,720.
Relief expected in festive season:
With the announcement of DA hike in October, employees and pensioners are expected to get financial relief during the festive season. This increase will be helpful in dealing with inflation and 1 crore government employees and pensioners will get direct benefit from it.
Preparation for the Eighth Pay Commission:
The government’s focus is currently on increasing DA and controlling inflation, but at the same time discussions are also going on about the Eighth Pay Commission. At present, the employees are waiting to get the gift of DA increase on the occasion of Navratri.
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