Preparations are being made to increase the dearness allowance once again for the central employees. It is believed that dearness allowance can be increased at the rate of 3% or 4%.
For the second half, their hike will be recorded before the festival of Diwali. However, this increase will be applicable from July 1. Preparations for the increase of the second installment have been started by the government. With this, DA can be increased to 46 percent.
7th Pay Commission, DA Hike Update: By the end of this year, many big gifts can be given by the central government to its employees. It can be announced by the government. Looking at the upcoming elections, this forecast is being expressed, if this happens, then on one hand, the increase in dearness allowance of 4 percent will be included in the half-yearly installments of the central employees.
Apart from this, their fitment factor can also be increased. Not only this, the government can consider increasing other allowances. Before this, preparations have also been made to give the benefit of the old pension scheme to the employees recruited on the notification issued before 2004 by the Central Government.
Preparation for increase in dearness allowance
In fact, in the month of March, the dearness allowance has been increased by 4 percent for the employees by the Modi government. With which their current dearness allowance has increased to 42 percent. Now once again an increase in their dearness allowance will be seen. With the new calculation, preparations are being made to increase their dearness allowance. The benefits of which can be given to the employees.
According to media reports, for the half-yearly July 2023, his inflation decision can be increased at the rate of three or four percent. At present, the AICPI data for February has been released while the AICPI data for the month of March will be released by the end of April. The increase in dearness allowance is determined on the basis of AICPI data.
Changes in dearness allowance calculation formula
There may be an increase of 3 to 4 percent in the dearness allowance for the second half from July to December. Its approval can usually be given by the government by the end of September. If this happens then the dearness allowance of the employees will increase from 42 to 46 percent. Along with this, it is also being suggested that growth can be determined under several new methods. The Dearness Allowance calculation formula was changed in 2016 by the Ministry of Labor and for this the base year of Dearness Allowance was also updated.
Currently 44 percent dearness allowance fixed till February
Talking about the current AICPI figure, this figure has now reached 43.79. At present, 44 percent dearness allowance has been fixed till February. Now it has to be seen what the figures of March say. The figures for the month of March can be revealed by the evening of 30 April.
Increase in salary
In July, the inflation rate can be increased at the rate of 4 percent. In such a situation, there will be an increase in salary. If the basic salary of an employee is Rs 18000, then an increase of Rs 720 per month will be recorded in his salary. In such a situation, the employees can see an increase of Rs 8280 annually.
