 7th Pay Commission News: 3% increase in DA (Dearness allowance Hike) has been approved in the cabinet meeting.
That is, before the start of the new financial year, the DA of the employees has increased from 31% to 34%. The employees were waiting for the announcement of 3% DA hike since the December figures of AICPI-IW.
7th Pay Commission News: There is great news for central government employees and pensioners. Today i.e. on Wednesday, 30 March, 3% increase in DA (Dearness allowance Hike) has been approved in the cabinet meeting. The DA of employees has increased from 31% to 34% before the start of the new financial year.
decision taken in cabinet meetingÂ
The employees were waiting for the announcement of 3% DA hike since the December data of AICPI-IW. 3% DA hike has been announced in today’s cabinet meeting. The new DA will be credited to the account along with the March salary of the employees.
3% increase was fixedÂ
Now employees and pensioners will get Dearness Allowance (DA Hike) at the rate of 34%. There has been a decrease of one point in the December 2021 index of the Consumer Price Index for Industrial Workers (AICPI Index). Let us tell you that the average of 12 months index for dearness allowance is 351.33 with an average of 34.04% (Dearness allowance). But, dearness allowance is always given in whole numbers. That is, from January 2022, the total dearness allowance will be 34%.
AICPI-IW declined in December
Significantly, this decision of the government will benefit more than 50 lakh central employees and 65 lakh pensioners. After this, now the next dearness allowance will be calculated in July 2022. The data of AICPI-IW (All India Consumer Price Index for Industrial Workers) for December 2021 has been released.
According to this figure, in December this figure fell by 0.3 points to 125.4 points. In November, this figure was at 125.7 points. and decreased by 0.24% in December. But, this has not affected the increase in dearness allowance.
increased in November
According to Labor Ministry data, the AICPI-IW index had gained 0.8% in November 2021 and reached 125.7. It was clear from this that there would be an increase of 3 percent in dearness allowance.
Now, even though there has been a slight decline in the figure for December 2021, a 3% increase in DA has been announced from January 2022.
