7th Pay Commission Updates: If you are a central employee then this news is special for you. Yes, before Dussehra or Diwali, the Modi government of the Center can give you good news regarding dearness allowance i.e. DA Hike.
Actually, the employees and pensioners working under the Central Government are waiting for the increase in Dearness Allowance (DA) and Dearness Relief (DR). According to the news, a decision can be taken in this regard in the meeting of the Union Cabinet chaired by the Prime Minister. However, no official news has come to the fore in this regard yet.
When does DA increase for employees (DA Hike Expected Date)
Talking about DA / DR, usually good news comes about it from the central government in March and September. As the month of September is going on, the expectation of the central employees remains from the government. The month of festivals is also approaching, so the employees are expecting more about DA hike.
How much DA can increase
Central employees hope that this year the Modi government will pay more attention to them. Employees are hoping that the government can increase the DA rate from 34 per cent to 38 per cent. Pensioners also expect a similar hike from the government.
Calculation of DA/DR
The government usually works to revise the rate of DA/DR after a gap of six months. This is done to compensate for the loss in the value of monthly salary/pension assets due to inflation. The DA/DR rate is applicable to help the Central Government employees and pensioners respectively. Talking about DA / DR, it is calculated on the basis of the formula suggested by the 7th Pay Commission. From the year 2006, dearness allowance is on the new calculation.
