7th Pay Commission DA Hike update: There is again a big good news for over 1 crore central government employees after the 18-month DA arrears disappointment. The news of non-payment of 18-month DA arrears extinguishes the hopes of crores of employees. But just two days after Holi, news of great relief has come for them. Money is going to rain on these people soon. (7th Pay Commission DA Hike update)
According to the information received from the sources, the government has decided to increase their dearness allowance and dearness relief by 4 per cent. After this, the DA of central employees will increase from 38 to 42 percent. However, it has not been announced by the government yet.
7th Pay Commission DA Hike update: Cabinet meeting today
In fact, today, on March 17, a cabinet meeting is proposed under the leadership of Prime Minister Narendra Modi. After this meeting, the central government can give great news to its employees and pensioners. On this day the Prime Minister can announce the increase in DA and DR.
Increase applicable from January 1, 2023!
After the announcement of the increase in DA, the Finance Ministry will issue its notification. After the notification is issued by the Ministry of Finance, the increase in the salary of central employees and the pension of pensioners will be implemented. According to the information, if everything goes well, the salary for March will be paid along with the new dearness allowance. While the arrears of January and February will be received. The increased dearness allowance and relief will be applicable from January 1, 2023 itself.
7th Pay Commission DA Hike update: DA will be 42 percent
It is worth noting that the central employees (7th Pay Commission) 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 8640 annually. At the same time, there will be an increase of Rs 2276 per month in the salary of employees with a basic salary of Rs 56900 per month. Means the salary will increase by Rs 27312 on annual basis.
Read More :-7TH PAY COMMISSION: BIG GOOD NEWS FOR CENTRAL GOVT EMPLOYEES AGAIN; NEW UPDATE ON DA HIKE; KNOW DETAILS HERE
Employees to get benefits
Let us tell you that lakhs of employees of the country are eagerly waiting for this. This will benefit 65 lakh central employees and 48 lakh pensioners. After this, on July 1, 2023, there will be an increase in the DA of central employees once again.
AICPI data details
Let us tell you that the increase in Dearness Allowance and Dearness Relief (7th Pay Commission) is announced on the basis of AICPI figures released by the Ministry of Labour. That is, on the basis of AICPI-IW data, allowance is given to the employees by calculating inflation. DA and DR have revision every 6 months. Generally, the dearness allowance for January is announced before Holi in March and that of July is announced before Diwali in September-October.
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Last DA revision
The last DA revision was done on 28 September 2022, before Diwali. It was considered applicable from 1 July 2022. Then it was increased by 4 percent. Then the DA was 34 per cent, which was increased to 38 per cent. In this, once again the matter of 4 percent increase is coming to the fore.
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