7th Pay Commission latest news today: The coming month is bringing good news for the central employees. If sources are to be believed, the dearness allowance of the employees will be announced on August 3. It will be announced in the next cabinet meeting. If we look at the numbers of AICPI index, then DA can increase by 4%.
7th pay commission latest news: The coming month is bringing good news for the central employees. An announcement may be made in August on increasing dearness allowance and dearness relief for employees and pensioners. An increase in DA at the rate of 4% may be announced in August. It is clear from the data of the AICPI index till May that there will be a 4% increase in their dearness allowance (DA Hike). If sources are to be believed, it can be announced in the meeting of the Union Cabinet to be held on August 3. The new dearness allowance will be applicable from July 1, 2022. After the announcement, with the salary of August, the benefit of increased DA will be available. At present, central employees are getting 34% dearness allowance.
Dearness allowance: 4% increase is confirmed
According to sources related to DoPT, dearness allowance of central employees is linked to the AICPI index. It is clear from the numbers that have come so far that there can be a big jump in dearness allowance. It can be included in the cabinet meeting to be held on August 3. Let us tell you, now the data of AICPI index till May has come. If the index rises in June also, there will be a significant jump in dearness allowance. Chances of growth of 4% are visible. However, if the index reaches 130, then there can be a jump of up to 5 percent in DA. The number of AICPI index has now reached 129 points. June numbers are yet to come.
Expert claims that DA will increase by 4%
Experts who calculate inflation claim that 4% DA Hike will be stamped in August. However, it cannot be denied that if the All India Consumer Price Index-IW figure crosses 130 in June, then there can be a jump of up to 5% in dearness allowance. Is. According to experts, the data of dearness allowance for June will come on July 31, which will confirm how much dearness allowance has increased.
DA Hike: How do you know how much it will increase?
The dearness allowance of central employees depends on the consumer inflation i.e. All India Consumer Price Index. If this figure increases continuously, then dearness allowance also increases in the same order. Consumer inflation data for the first half of this year has come for five months. It is confirmed that the dearness allowance will increase at the rate of 4% in the coming days. But, the figures for June are yet to come. If this index crosses 130, then dearness allowance may increase by 5%.
7th Pay Commission: Dearness allowance will be available with the new formula
The Ministry of Labor and Employment has changed the calculation formula regarding Dearness Allowance. The Labor Ministry has changed the base year 2016 for Dearness Allowance (DA Calculation). A new series of Wage Rate Index (WRI-Wage Rate Index) has been released. The Labor Ministry said that the new series of WRI with base year 2016=100 will replace the old series of base year 1963-65.
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