Inflation is bad in the country. In April, the retail inflation rate reached a record high of 7.79%. While the rate of food inflation stood at 8.38%. This rate of inflation is at the high level of last 8 years.
There is great news for about 50 lakh central government employees and 65 lakh pensioners. They have been expected to get relief from rising inflation in the country. The government may increase the dearness allowance (DA Hike) from July 1.
Dearness Allowance may increase up to 4%
The government can increase Dearness Allowance up to 4% this time (Dearness Allowance Hike). If this happens, then it will increase from 34 percent to 38 percent. The AICPI Index had increased by 1 point in March. It had reached 126 points.
At the same time, the government had increased the DA in March itself. However, the AICPI numbers for April, May and June 2022 are yet to come. If it remains above the March level, then the government can DA Hike.
By the way, there is a bad condition of inflation in the country. In April, the retail inflation rate reached a record high of 7.79%. While the rate of food inflation stood at 8.38%. This rate of inflation is at the high level of last 8 years.
The salary of government employees will increase so much.
Central government employees get the benefit of the 7th Pay Commission (7th Pay Commission) from June 2017. In such a situation, if the DA increases to 38%, then the salary of the central government employees is sure to increase.
According to an estimate, if the basic salary of an employee is Rs 18,000, then his dearness allowance at the rate of 34 percent becomes Rs 6,120. Now if it is 38%, then the employee will get dearness allowance of Rs 6,840. In this way, he will get an annual salary of Rs 8,640 more. Under 7th Pay Commission, the minimum basic salary of employees is Rs 18,000.
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