7th Pay Commission DA Hike Latest News: Good news has come out for the government employees who have been waiting for dearness allowance for a long time. The date of dearness allowance to be implemented from July 2024 has been decided.
It is scheduled to be announced at the end of September. Let us tell you, it has become clear from the data of AICPI index from January to June 2024 that how much jump will be seen in dearness allowance.
Central employees and pensioners receiving salary under the 7th Pay Commission will get direct benefit from this. Dearness allowance is being given 50 percent from January 2024. In the month of June, there was a big rise of 1.5 points in the AICPI index. This has also led to a jump in the dearness allowance score.
What is Dearness Allowance (DA)?
Dearness Allowance or DA is an important part of the salary of government employees and pensioners. This allowance is given to deal with rising inflation. DA helps in maintaining the purchasing power of employees and increases their income.
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The central government reviews DA twice a year, in January and July. The rate of DA may vary depending on the location of the employee. This allowance helps protect employees from the effects of inflation.
By what percentage will dearness allowance increase
According to the information, the numbers of the AICPI-IW index between January and June 2024 have made it clear that from July 2024, employees will get an increased dearness allowance of 3 percent. The June AICPI index has seen a jump of 1.5 points. In May, it was at 139.9 points, which has now increased to 141.4. The score of dearness allowance has gone up to 53.36. It is clear that this time the dearness allowance will increase by 3 percent. In January, the index number was at 138.9 points, due to which the dearness allowance increased to 50.84 percent.
It could be announced at the end of this month
The announcement of dearness allowance for central employees may be made at the end of September. But, it will be implemented only from July 2024. The payment for the intervening months will be made as arrears. Under the 7th Pay Commission, central employees and pensioners will be paid 53 percent dearness allowance. If sources are to be believed, it may be announced in the cabinet meeting to be held on 25 September. It has been included in the agenda. Only the formal announcement is left.
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