7th Pay Commission: February is coming to an end. More than 1 crore central employees and pensioners of the country are eagerly waiting for the big announcement of DA hike by the central government. According to media sources, the cabinet meeting will be held on March 1, 2023. The government will take a final decision on the increase in dearness allowance in the cabinet meeting. DA hike will give big relief to the employees amid increasing inflation. There will be a big increase in the salary of central employees in the month of March. Many states have hiked DA of its employees now it is the turn of central govt employees.
Central government employees can get many gifts together before Holi. Central employees and pensioners are expected to get three gifts this year. According to media reports, this includes increase in DA of employees, increase in fitment factor and payment of outstanding DA. In this, the countdown for the announcement of increase in dearness allowance has also started.
Cabinet meeting on March 1, 2023
According to the news coming in the media, the cabinet is going to be held on March 1, 2023. In this meeting, the central government can take a final decision on the increase in dearness allowance for central employees and dearness relief for pensioners. If this happens, before Holi, central employees can get a big gift of increase in dearness allowance. Not only this, if everything goes well, then from March 31, employees can get increased salary and pensioners can get increased pension. Along with this, the money of arrears for the months of January and February can also come into the account simultaneously.
Dearness allowance will increase from 38% to 42%
Dearness Allowance (DA) for January 2023 is usually announced before Holi. If the dearness allowance is increased by 4 percent, then the cost of central employees will increase from the current 38 percent to 42 percent. After a four per cent increase in DA in September 2022, now central employees are waiting for an increase in dearness allowance in the new year.
Calculation: Dearness Allowance will be Rs 90,720
Significantly, the central employees are currently being paid DA at the rate of 38 per cent. If it increases by 4 percent, it will increase to 42 percent. After this, the annual dearness allowance will increase to Rs 90,720 for those with a basic salary of Rs 18,000. Talking about the difference from the existing dearness allowance, the salary will increase by Rs 720 per month and Rs 8,640 annually.
4% increase in DA
The figures of AICPI for December 2022 have also come from the Ministry of Labour. From this, it seems that there can be an increase of up to 4 percent in DA and DR. However, the AICPI figures for December 2022 released by the Ministry of Labor have fallen as compared to November. The figures of AICPI had increased continuously from July to November. But the AICPI figures have seen a slight decline in December. The December figure has fallen to 132.3 points as compared to November. In October and November, this figure was at 132.5 points. There it was 131.3 in September, 130.2 in August and 129.9 in July. However, even after this, there is a possibility of 4 percent increase in dearness allowance.
You actually get a review in the dearness allowance of central employees (7th Pay Commission) every 6 months. Dearness allowance is hiked twice a year on the basis of AICPI figures. One hike takes place in January and the other in July. Like every year, in the year 2023 also there will be an increase in the dearness allowance of central employees.
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