7th pay commission latest news: There is good news for central employees. The situation has become clear regarding his dearness allowance. DA will increase at the rate of 5% in the coming month. The May data of the AICPI index has been released.
7th pay commission latest news: There is good news for central employees. The situation has become clear regarding his dearness allowance. DA will increase at the rate of 5% in the coming month. The May data of the AICPI index has been released. At present, dearness allowance is being paid to central employees at 34%. But, now a 5% increase in the new Dearness Allowance (DA Hike) is believed to be fixed. The data of AICPI index has been released. The index figure in May stood at 129. In April this figure was at 127.7.
Dearness allowance: 5% increase is confirmed
According to experts, there is a possibility of increasing dearness allowance by 5% so far. However, there can be a jump of 6 percent in DA right now. The number of AICPI index has now reached 129 points. June numbers are yet to come. According to experts, reaching the index at 129 percent means that it will continue to rise by 5%. But, there can be an increase of 6 percent in dearness allowance. If the figure crosses 130, then this jump will be seen.
DA Hike: What happens if you reach 130 points?
If the figure of AICPI index reaches 130, then surely there can be a jump of 6 percent in Dearness Allowance. Overall, 34+6 = 40 percent dearness allowance can be there. This will be a big gift for the central employees. Because, for the last one year, there have been a lot of discussions, meetings and protests regarding DA Arrear. But, the government has announced that the arrears of dearness allowance will not be given. In such a situation, if there is a rapid increase in dearness allowance and other allowances also increase, then there is definitely a big relief.
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 dearness allowance will increase at the rate of 5% in the coming days. But, the figures for June are yet to come. If this index crosses 130, then dearness allowance can increase by 6%.
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.
