Monday, September 26, 2022
HomeBusinessCentral govt employs might receive THIS much increment in DA today

Central govt employs might receive THIS much increment in DA today

Today their wait for increase in Dearness Allowance (DA) and Dearness Relief (DR) may be over as 1 crore employees are set to get hike.

Published on

New Delhi: Today is a very important day for more than one crore central employees and pensioners. Today their wait for increase in Dearness Allowance (DA) and Dearness Relief (DR) may be over. In fact, today an important meeting of the Union Cabinet is going to be held under the chairmanship of Prime Minister Narendra Modi.

DA of Central Govt employees to hike by 4%

In the meeting, PM Modi will discuss many important things with the cabinet ministers. It is being speculated that the Modi government can take many big decisions in the meeting. It is reported that the Modi government can increase the DA of Central Government Employees by up to 4 percent.

Also Read :- Rates of petrol, diesel released; Check prices in your city HERE

DA might increase up to 38 per cent

If this happens, from October 1, the dearness allowance of central employees and pensioners will increase from 34 to 38 percent. At the same time, these people can also get the arrears money for the two months of July and August in October.

It is noteworthy that 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.

Minimum basic salary is Rs 18,000

The minimum basic salary is Rs 18,000 in the 7th Pay Commission (7th Pay Commission) and Rs 56900 at the level of cabinet secretary. 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.

Continuous jump in 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. 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.

Also Read :- Rupee depreciates 74 paise to all time low of 80.67 against USD

68 lakh pensioners will benefit

It is worth noting that about 47 lakh employees and 68 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. Following this the dearness allowance had gone up to 34 per cent. Now due to increase in DA by 4 per cent, dearness allowance will increase to 38 percent.

Actually, 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.

Read More :- Latest Business News

Click Here – Download The News 24 App

Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 and Download our - News24 Android App. Follow News24 on Facebook, Telegram, Google News.

Latest articles

Ghulam Nabi Azad likely to announce his new political party today

New Delhi: A month after resigning from the Congress, former Jammu and Kashmir Chief...

Chup box office collection Day 3: Sunny Deol’s film collects Rs 7.13 crore

New Delhi: Dulquer Salmaan and Sunny Deol's movie, Chup, is doing significantly properly at the...

Weather Forecast: Heavy rain in THESE states today, know latest forecast by Meteorological Department

Weather Forecast: The monsoon is pouring heavily in many parts of the country, including...

Watch: Protestors heckle Pakistani minister with ‘Chorni Chorni’ chants in London

New Delhi: Pakistan Information Minister Marriyum Aurangzeb was heckled by a few in London’s...

More like this

Ghulam Nabi Azad likely to announce his new political party today

New Delhi: A month after resigning from the Congress, former Jammu and Kashmir Chief...

Chup box office collection Day 3: Sunny Deol’s film collects Rs 7.13 crore

New Delhi: Dulquer Salmaan and Sunny Deol's movie, Chup, is doing significantly properly at the...

Weather Forecast: Heavy rain in THESE states today, know latest forecast by Meteorological Department

Weather Forecast: The monsoon is pouring heavily in many parts of the country, including...