7th pay commission: The AICP Index data for March has been released by the Labor Ministry. There has been a jump of 1 point in comparison to February, due to which the DA of central employees is expected to increase once again in July 2022.
7th Pay Commission Latest News: Once again great news is coming for the central employees. After the increase in Dearness Allowance (DA) in March 2022, now DA is expected to increase in July 2022 as well. After the reduction in the AICP Index of January and February, now there has been a big jump in it in March. After the release of this figure, the way for increase in dearness allowance seems to be clear.
1 point jump in March
Let us tell you that in January 2022, the figure of AICPI Index was at 125.1. In February, it declined further and it came down to 125. On the basis of this, it was expected to decline in March as well, but there was a jump of 1 point and it increased to 126.
Can increase up to 4 percent
Now after the arrival of March numbers, the possibility of increasing DA by three percent in July 2022 (Next DA Hike) has been a league. However, the final decision will be taken only after the numbers of April, May and June are out. If this trend continues in the coming months also, then the figure of increase in dearness allowance (DA Hike) can go up to 4 percent.
Big jump in AICPI numbers in March
Dearness Allowance is increased twice a year under the 7th Pay Commission of central employees. For the first time DA increases in January and second in July. For January 2022, it has been announced to increase the dearness allowance by three percent in March. It has also been announced by the government to give it with an arrear of three months.
Next DA will be revised in July
The next Dearness Allowance (Next DA Hike) is to be revised in July. Its basis will be the All India Consumer Price Index from January to June. There was a decline in January, February but in March it has jumped. AICPI 125.1 in January was 125 points in February. Now in March it has reached 126 points. After which the possibility of increasing DA in July has increased.
Let us tell you that the data of All India Consumer Price Index (AICPI) has been taken by the Ministry of Labor and Employment on the basis of retail prices collected from 317 markets located in 88 industrially important centers of the country. The index has been prepared for 88 centers and for the entire country.
