7th Pay Commission: There is great news for lakhs of Central Government Employees and pensioners. The wait for the hike in Dearness Allowance (DA Hike) and Dearness Relief (DR Hike) is going to end this month.
If everything goes well, then on the occasion of Navratri, they can get the gift of an increase in DA and DR. The government can increase the DA by a total of 4 percent.
According to the information, on the third day of Navratri i.e. September 28, a formal announcement of increase in dearness allowance and dearness relief can be made. Whereas from October 1, the dearness allowance of central employees and pensioners may increase from 34 to 38 percent. Not only this, the arrears for the two months of July and August can also be received in October.
The dearness allowance of central government employees is revised twice a year. The first is given from January to June, while the second comes from July to December. Let us tell you that the AICPI index plays an important role in deciding the dearness allowance of central employees.
After February, there is a continuous jump in the AICPI index. The figure of the AICPI index was 125.1 in January 2022, which came down to 125 in February. Whereas in March it reached 126 points. After this, in April it rose to the level of 127.7. In May it reached 129 points, while in June it reached 129.2 points. This has raised the expectation that the DA of central employees may increase by up to 4 percent.
The minimum basic salary in the 7th Pay Commission is Rs 18,000 and at the level of cabinet secretary is Rs 56,900. According to 38 percent, on the basic salary of Rs 18000, the total increase in annual DA will be available in Rs 6840. Total DA will increase by Rs 720 per month. At the maximum basic salary bracket of Rs 56,900, the total increase in annual dearness allowance will be Rs 27,312. Those in this salary bracket will get Rs 2276 more as compared to 34 per cent.
Significantly, 50 lakh employees and 65 lakh pensioners of the country will benefit from the increase in dearness allowance by the central government. At the beginning of the year, the government had increased the DA by 3 per cent, after which the dearness allowance had gone up to 34 per cent. Now due to increase in DA by 4 percent, dearness allowance will increase to 38 percent.
