7th Pay Commission today: There has been a change regarding Dearness allowance calculation. Dearness Allowance is such money, which is given to government employees to improve their cost of living. Let us know in detail.
7th Pay Commission today: There is news of work for central employees. Dearness Allowance has been calculated in ( 7th Pay DA Calculation ). The Ministry of Labor and Employment of the Central Government has changed the formula for calculation of Dearness Allowance.
The base year of Dearness Allowance has been changed in 2016. The Ministry has released a new series of Wage Rate Index (WRI-Wage Rate Index). 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. That is, now the method of calculation of dearness allowance (7th Pay Commission Update) has changed.
Government changes base year
Significantly, on the basis of inflation data, the government revises the base year for key economic indicators from time to time. This is done on the basis of the changes coming in the economy and the wage pattern of the workers is included.
According to the recommendations of the International Labor Organization (ILO), the National Statistical Commission, the base year of the Wage Rate Index has been changed from 1963-65 to 2016 to widen the scope and make the index more efficient.
How is Dearness Allowance calculated?
Usually the Dearness Allowance is changed every 6 months, in January and July. Let us tell you that by multiplying the current rate of dearness allowance with the basic pay, the amount of dearness allowance is worked out.
What is Dearness Allowance (DA)?
Dearness Allowance is such money, which is given to government employees to improve their cost of living. This money is given to the employees so that even after rising inflation, the living conditions of the employee are not affected. This money is given to government employees, public sector employees and pensioners.
