7th pay commission in budget 2024: On February 1, Finance Minister Nirmala Sitharaman presented the interim budget of the country. Nirmala Sitharaman made many big announcements in this budget.
7th pay commission in budget 2024: On February 1, Finance Minister Nirmala Sitharaman presented the interim budget of the country. Nirmala Sitharaman made many big announcements in this budget. Since Lok Sabha elections are going to be held in the next few months, people of almost every section had great expectations from this budget.
Central employees were also expecting some surprises in the budget. However, nothing like this happened and now the central employees are waiting for an increase in their Dearness Allowance (DA). Let us know when DA will increase.
Announcement expected in March
If we look at the pattern till now, the increase in dearness allowance for the first half of the year is announced in the month of March. This increase is for the half year from January to June. In such a situation, it is expected that the increase in allowance for the first half of the year 2024 will be announced in the month of March. It is being said in various media reports that this time the government can increase the allowance of central employees by 4 to 5 percent.
If this happens then the dearness allowance of central employees may be 50 or 51 percent. At present the allowance of central employees is 46 percent. The allowance was increased by some eight per cent for both halves of last year. There was an increase of 4-4 percent in both the halves respectively.
Indications from inflation data
The All India CPI-IW for December 2023 declined by 0.3 points to 138.8. On the basis of this number, it is being estimated that dearness allowance may increase by 4 percent. Let us tell you that compared to November 2023, it decreased by 0.22 percent, whereas during the same month a year ago, a decrease of 0.15 percent was recorded.
Year-on-year inflation for December 2023 stood at 4.91 percent compared to 4.98 percent last month and 5.50 percent in the same month a year ago. Similarly, food inflation stood at 8.18 percent compared to 7.95 percent last month while it was 4.10 percent during the same month a year ago.