7th Pay Commission News Update: There is good news for the Central Government employees. His salary is going to increase soon. The government may approve the DA hike in the cabinet meeting to be held on March 1. In view of the inflation of industry workers, this time the dearness allowance can be increased by 4 percent. Let’s know the complete details about it.
Financial Year 2022-23 is about to end. Along with this, the increment process has started in the companies. At the same time, government employees are also waiting for the DA of the first half. This trend has been seen that before Holi, the government announces the increase in DA of central employees. This time Holi is on 8th March.
In such a situation, the dearness allowance (Central Government Employee DA) of central employees can be announced in the coming 10 days. It is believed that it can be announced on March 1. There will be a cabinet meeting on March 1. DA Hike can be approved in this meeting.
How much DA will increase
The dearness allowance of the employees is increased on the basis of inflation. The higher the inflation, the higher the dearness allowance increases. In this, retail inflation of industry workers is seen. Considering this inflation, this time inflation should increase by 4.23 percent. But the government increases DA in round figures. In such a situation, this time the DA of central government employees can increase by 4 percent.
How much salary will increase
At present the dearness allowance of central employees is 38 per cent. After the 4 per cent increase in DA, it will increase to 42 per cent. If the basic salary of a central employee is Rs 18,000 a month now, then his DA becomes Rs 6,840. After the increase of 4 per cent, this DA will be Rs 7,560. In this way, there will be an increase of Rs 720 in the basic salary. This increase in DA will be applicable from January 1, 2023.
Good news comes before Holi
The central government announces dearness allowance twice a year. The DA for the first quarter of the year is often announced before Holi. This is what the pattern says so far. However, the DA was stopped by the government during the Corona period. Along with DA, the government will also announce Dearness Relief (DR) for pensioners.
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