Trending TopicsIpl 2024Lok Sabha 2024

---Advertisement---

7th Pay Commission: Union govt increases DA of central employees by 4%

New Delhi: This is indeed a big news for the central employees and pensioners who have been waiting for the increase in dearness allowance and dearness relief for a long time. On the third day of Navratri, the central government has given its nod to increase the dearness allowance of central employees. The central government, […]

Edited By : Vikas Kumar | Updated: Sep 29, 2022 12:23 IST
Share :

New Delhi: This is indeed a big news for the central employees and pensioners who have been waiting for the increase in dearness allowance and dearness relief for a long time. On the third day of Navratri, the central government has given its nod to increase the dearness allowance of central employees. The central government, as per the latest updates, is going to hike the dearness allowance by 4 percent.

With this increase, the dearness allowance and dearness relief of central employees has increased from 34 to 38 percent. The increased dearness allowance will be applicable from July 2022. At the same time, beneficiaries can also get the arrears money for the two months of July and August in October.

Also Read :- Prices of petrol, diesel released; Check rates in your city HERE

The minimum basic salary in the 7th Pay Commission is Rs 18,000 and at the level of cabinet secretary is Rs 56,900.

With 38 percent increment, on the basic salary of Rs 18000, the total increase in annual DA will be 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.

Also Read :- Price of gold falls substantially, Check latest rates HERE

The increase in dearness allowance is directly related to the AICPI index. 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. In April, it rose to the level of 127.7. It reached 129 points in May, while in June it reached 129.2 points. It was highly expected that this time DA of central employees may increase by 4 percent.

Read More :- Latest Business News

First published on: Sep 28, 2022 02:33 PM IST
Related Story
Exit mobile version