7th Pay Commission DA Hike: Central employees are going to get another good news soon. DA and DR of more than 1 crore central employees and pensioners are going to increase.
Dearness Allowance (DA Hike) is to increase for the second half of the year 2023 as well. The coming month will bring tremendous happiness for the central employees. Actually, there is going to be a bumper jump in their dearness allowance. After waiting for 4 months, once again their Dearness Allowance (DA) is going to increase.
Increased expectation from AICPI index
The dearness allowance of central employees and dearness relief of pensioners are reviewed and increased on the basis of the data of AICPI index released by the Union Ministry of Labour. Based on the half-yearly figures of January to June of AICPI, it is being estimated that there may be an increase of 4 percent in dearness allowance this time also. January- 132.8, February- 132.7, March- 133.3, April- 134.2, May- 134.7 and in June it increased to 136.4 points.
4 percent increase in DA expected for the third time in a row
Central employees and pensioners say that for the third time in a row, there is a possibility of a 4 percent increase in their DA and DR (7th Pay Commission). However, it will be clear only after the official announcement by the Central Government that how much will be the increase in DA this time. According to reports, the central government may announce a hike in dearness allowance and dearness relief in September or October.
Finance Ministry will issue notification
Explain that in the month of September-October, the dearness allowance is approved by the Union Cabinet. After this, it is notified by the Union Finance Ministry. After that the central government pays it to the employees. Dearness Allowance comes into effect from 1st July itself. The government pays the increased dearness allowance in the form of arrears to the employees at an interval of two-three months.
Salary of employees can increase so much
With a 4 per cent increase in dearness allowance (7th Pay Commission), the DA of employees with a basic salary of Rs 18,000 is expected to increase by Rs 720 monthly and Rs 8,640 annually. On the other hand, at the level of cabinet secretary, whose basic salary is Rs 56,900, they will get Rs 2276 per month and Rs 27,312 annually.
