7th Pay Commission DA Hike: If you yourself or any member of your family is a central government employee, then you must know the update related to dearness allowance.
After the increase in dearness allowance by the government, 52 lakh central employees and 48 lakh pensioners will get good news on dearness allowance and dearness relief. The government had taken the decision on DA to be implemented from January 1 on March 27. Employees and pensioners have started getting the increased 4 percent DA from January 1. Now the next dearness allowance will be applicable from July 1.
The figure increased in March after the decline in February
Before the DA of July is implemented, a big update has come for the central employees. You will also be happy after reading this news. The AICPI index data for March has been released by the Labor Ministry on 28 April. This figure has increased again in March after a decline in February. Earlier in February 2023, a decline was recorded in it. After the jump in the figure, the increase in DA can be up to 4 percent as expected.
AICPI index climbed in March
Dearness Allowance for January was announced in March 2023 based on the figures of AICPI index till December 2022. But the dearness allowance for July will be announced considering the figures from January to June 2023 as the basis. In January, this figure had increased to 132.8 points. After this, it declined in February and it reached 132.7 points. It has again bounced in March and it has climbed up to 133.3 points.
The figure has crossed 44 percent, on the basis of the figure of 132.7 in February, dearness allowance had reached close to 44 percent. This time it has increased beyond 44 percent. Presently the dearness allowance is 42 percent. The dearness allowance for July will be announced on the basis of AICPI index data till June. This time it is expected to increase from 42 percent to 46 percent. The new dearness allowance may be announced in September, but it will be implemented from July 1.
By how much will the DA increase, after the 4 percent increase in DA in January, the dearness allowance of central employees had increased to 42 percent. Now if there is a further increase of 4 percent in this, then it will increase to 46 percent. Let us tell you that under the Seventh Pay Commission (7th Pay Commission), the DA (DA Hike) of central employees is increased twice a year. DA of January 2023 has been announced. Now the DA of July 2023 is yet to be announced by the government.
Who releases the data?
Let us tell you that it is decided on the basis of AICPI index that how much will be the increase in dearness allowance? On the last working day of every month, the figures of All India Consumer Price Index (AICPI) are released by the Labor Ministry. This index has been prepared for 88 centers and for the entire country.
