7th Pay Commission News: In September, central personnel may receive a raise in their dearness allowance. The government will have to give its approval. Pensioners and employees won’t receive the benefit until after this. Should reports be trusted, an announcement could be made during the latter part of September.
7th Pay Commission News: There will be some really wonderful news for the central staff soon. This time, the Dearness Allowance (DA) for central personnel covered by the 7th Pay Commission would increase by 3%. Sources claim that this rise can be disclosed in September. It will go into effect on July 1.
7th Pay Commission News,When will the news be released?
It’s possible that central employees’ dearness allowance will increase in September. The government will have to give its approval. Pensioners and employees won’t receive the benefit until after this. Should reports be trusted, an announcement could be made during the latter part of September. On September 18 or 25, if reports are to be accepted, the cabinet might approve a 3% rise in dearness allowance. However, the government hasn’t yet released an agenda.
7th Pay Commission News,What is the expected rise in dearness allowance?
The research indicates that the dearness allowance will rise by 3%, bringing the present rate from 50% to 53%. This hike will go into effect on July 1st, 2024. It is evident from the AICPI-IW index statistics from January to June 2024 that employees’ dearness allowance will increase by 3% starting in July 2024. There has been a 1.5-point increase in the June AICPI index. It was at 139.9 points in May and has since risen to 141.4. As a result, the dearness allowance score has grown to 53.36. This implies that the dearness allowance will rise by 3% on this occasion.
What will be the monthly rise in amount?
The salary of central personnel will rise significantly as a result of this increase in dearness allowance. For instance, a ₹ 540 increase in dearness allowance will be given to those whose base pay is ₹ 18,000. Conversely, individuals with a base salary of ₹ 56,900 will receive an additional ₹ 1,707 in dearness allowance.
Which month's dearness allowance increased by how much?
Month | CPI(IW)BY2001=100 | DA% Monthly Increase |
Jan 2024 | 138.9 | 50.84 |
Feb 2024 | 139.2 | 51.44 |
Mar 2024 | 138.9 | 51.95 |
Apr 2024 | 139.4 | 52.43 |
May 2024 | 139.9 | 52.91 |
Jun 2024 | 141.4 | 53.36 |
Why has the DA been raised?
The Consumer Price Index serves as the foundation for the dearness allowance rates (CPI-IW). Employee allowances rise in tandem with inflation, and their payment is essential to preserving their purchasing power. September is when the central employees’ dearness allowance is supposed to be announced. However, it won’t be put into effect until July 1, 2024. Arrears payments for the months of July and August will be made.
