7th Pay Commission latest news: The government may approve the increase in Dearness Allowance of central government employees in the month of March. This announcement will be for January 2023.
7th Pay Commission latest news: There is great news for central employees. There will be a big increase in his salary around Holi in March. More than 1 crore central employees and pensioners will get the benefit of this. The government can approve the increase in Dearness Allowance of central government employees in the month of March. This announcement will be for January 2023. After the AICPI figures of December 2022, it will be decided that how much DA will increase. At present the employees are getting 38% dearness allowance. If we look at the current figures, it can be 41% in the coming days.
Dearness allowance can reach up to 41 percent
According to the Labor Ministry, the figure for All India Consumer Price Index for Industrial Workers (AI CPI-IW) in November 2022 is at 132.5 points. The figure for the month of December will come on 31 January. If it remains stable then an increase of 3% is certain. If there is a big jump in it, which is less likely, then a hike of 4% can be achieved. As of now, the DA of the employees is believed to be increased from 38 percent to 41 percent.
Salary will increase up to 90 thousand rupees
According to experts, if the dearness allowance of central employees is increased by 3 percent under the 7th Pay Commission, then there can be a big relief for them. Inflation has increased the burden a lot in the last 6 months. In such a situation, it will bring a great relief. If the basic salary of an employee is 30 thousand rupees per month, then this will increase his salary by 900 rupees per month. His gross salary will increase by Rs 10,800 on an annual basis. The salary of Cabinet Secretary level officers will be increased by up to Rs 7500 per month. That means the maximum basic salary is Rs 2.5 lakh per month. In such a situation, his annual DA of Rs 90,000 seems to be a big advantage.
7th Pay Commission: Are the chances of increasing dearness allowance less?
Actually, in the last two months, retail inflation has been seen very low. The CPI has reached a one-year low in December. In such a situation, it is difficult to increase the AICPI index. For a 4% DA hike, a jump of 1 point is required in the index. There is little hope for this. Because, the index increases only in proportion to inflation. In such a situation, this chance is very less that a jump of 4 percent will be seen. That’s why experts are also assuming that only 3% DA will increase. Dearness allowance under the 7th Pay Commission is such money, which is given to government employees to improve their cost of living.
7th Pay Commission: DA is revised in 6 months?
Dearness allowance is given to improve the standard of living of the employees. This allowance is given to government employees, pensioners and public sector employees. Dearness allowance is given so that even after the increase in inflation, the employees do not have any problem in living their lives. Usually, Dearness Allowance is revised every 6 months, in January and July.
Which formula increases Dearness allowance?
Dearness allowance is calculated on basic salary. A formula is fixed for the calculation of dearness allowance, which is determined by the consumer price index (CPI). Dearness Allowance percentage = Average of CPI of last 12 months-115.76. Now whatever comes will be divided by 115.76. The number that comes will be multiplied by 100.