7th pay commission latest news: The coming month is bringing good news for the central employees. An announcement may be made in August on increasing dearness allowance and dearness relief for employees and pensioners. An increase in DA at the rate of 4% may be announced in August. It is clear from the data of the AICPI index till June that there will be a 4% increase in their dearness allowance (DA Hike).
If sources are to be believed, it can be announced in the meeting of the Union Cabinet to be held on September 28. The new dearness allowance will be applicable from July 1, 2022. After the announcement, the benefit of increased DA will be available in the salary of September itself. At present, central employees are getting 34% dearness allowance.
Dearness Allowance: 4% increase is confirmed
According to sources related to DoPT, dearness allowance of central employees is linked to the AICPI index. It is clear from the numbers that have come so far that there can be a big jump in dearness allowance. It can be included in the cabinet meeting to be held on 28 September. Let us tell you, the index has increased in June also and there has been a significant jump in dearness allowance. 4% is set to grow. The AICPI index has reached 129.2.
Expert claims that DA will increase by 4%
Experts who calculate inflation claim that 4% DA Hike will be stamped in September. The figure of All India Consumer Price Index- IW in June stood at 129.2. Due to this, there is bound to be a 4% jump in dearness allowance. According to experts, if the dearness allowance figure for June had reached 130, the confusion regarding dearness allowance could have increased.
DA Hike: How do you know how much it will increase?
The dearness allowance of central employees depends on the consumer inflation i.e. All India Consumer Price Index. If this figure increases continuously, then dearness allowance also increases in the same order. Consumer inflation data for the first half of this year has come. It is confirmed that the dearness allowance will increase at the rate of 4% in the coming days.
Dearness allowance will be available from the new formula Regarding dearness allowance, the Ministry of Labor and Employment has changed the formula of calculation. The Labor Ministry has changed the base year 2016 for Dearness Allowance (DA Calculation). A new series of Wage Rate Index (WRI-Wage Rate Index) has been released. The Labor Ministry said that the new series of WRI with base year 2016=100 will replace the old series of base year 1963-65.
