DA Hike: The June CPI-IW figures released by the Labor Ministry on July 31 are a little over 3 percent. The decimal point is not considered by the government.
7th Pay Commission DA Hike: Central employees are going to get good news from the government soon. For the employees, this news is related to DA Hike. It is being claimed in the media report that the dearness allowance is expected to be announced in the month of September. However, no official announcement has been made on this yet. This time dearness allowance is expected to increase by 3 percent. After this DA will increase from the existing 42 percent to 45 percent.
The figure will be decided on the basis of AICPI index
Recently, in a report of PTI, it was claimed that the central government is considering to increase DA / DR to 45 percent of its more than one crore employees and pensioners. Actually, the rate of DA / DR (DA / DR) for central employees and pensioners is decided on the basis of AICPI index released by the Ministry of Labor every month.
3 percent increase expected
The June CPI-IW figures released by the Labor Ministry on July 31 are a little over 3 percent. The decimal point is not considered by the government. Shiv Gopal Mishra, General Secretary of All India Railwaymen’s Federation had also said that this time a demand is being made to increase the DA by 4 percent. But it is expected that the government will increase it by 3 percent to 45 percent.
Will be applicable from 1st July
If the DA and DR are increased by the government in September, then it will be implemented from July 1. First, the Department of Expenditure of the Ministry of Finance will prepare a proposal for a hike in DA with revenue implications. After this, this proposal will be placed before the Union Cabinet for approval. After the approval of the cabinet, it will be made effective from July 1, 2023. At present there are more than one crore employees and pensioners of the Central Government. Presently he is getting DA/DR at the rate of 42% of the basic pay/pension.
Earlier, DA was increased on March 24, 2023. This change was made effective from January 1, 2023. At that time the DA was increased by 4% to 42%.
