7th pay commission: Dearness allowance increased to 49%, know the update

7th pay commission latest news today: In the latest data of AICPI index, the index number has reached 138.4 points. A jump of 0.9 points has been seen in this. This data has been released for the month of October. Dearness allowance is to be revised in January 2024.

7th pay commission news: Elections were held in 5 states and results of 4 states are to be declared on 3rd December. A new update has come for central employees amid the counting of votes. The new number of increase in dearness allowance for January 2024 has come out. Dearness allowance of central employees has reached 49 percent. In the latest data of AICPI index, the index number has reached 138.4 points. A jump of 0.9 points has been seen in this. This data has been released for the month of October. Dearness allowance is to be revised in January 2024. The numbers used to calculate this will decide what the increase will be. The figures for November and December are yet to come.

How much can dearness allowance increase?

There could be the biggest ever increase of 5 percent in dearness allowance. The DA score determined by AICPI Index is indicating something similar. Experts believe that according to the current trend, dearness allowance can reach 51 percent. If this happens, there will be a big jump of 5 percent. Dearness allowance is calculated from the AICPI index. Inflation data collected from different sectors in the index shows how much the employees’ allowance should increase in comparison to inflation.

DA increased by 3 percent in 4 months data

If we look at the current situation, the AICPI index numbers for July, August, September and October have been released. Currently the index is at 138.4 points, while the dearness allowance score has reached 49.08 percent. It is estimated that this figure will cross 50 percent in November. After this, in December too, it can be seen close to 51 percent with a jump of 0.54 points. Only after the December 2023 AICPI index numbers come, it will be final how much the total increase in dearness allowance will be.

There will be a huge jump in dearness allowance

Under the 7th Pay Commission, AICPI numbers from July to December 2023 will decide the dearness allowance for central employees. Dearness allowance has reached about 49.08 percent. The numbers for 2 months are yet to come. Experts believe that it has increased by 3 percent now. If we look at the trend, a rise of around 1.60 percent may still come. If this happens then dearness allowance can reach 50.60 percent. In such a situation, the figure above the decimal point will be considered as 51 percent. Dearness Allowance Calculator (DA calculator) There are indications that dearness allowance will reach 51 percent in the remaining months.

How much DA will increase, see table here