7th Pay Commission New Update: Wait for Central government employees for dearness allowance (DA) hike will soon be over. The central government is going to announce the next DA hike in the first week of September (expected), according to reports.Dearness Allowance to be implemented from July 2024 has been confirmed by the government. There has been a huge increase in this. Central employees and pensioners receiving salary under the 7th Pay Commission will get its direct benefit.
The Centre is expected to announce the second increase in the Dearness Allowance (DA) and Dearness Relief (DR) for employees and pensioners at the beginning of September. It is projected that the Narendra Modi-led government may approve a 3% rise in DA and DR in this round. DA or Dearness Allowance is allotted to active government personnel, while pensioners obtain DR or Dearness Relief.
7th Pay Commission: DA Increase By 3%
From the numbers of AICPI-IW index that came from month of January to month of June 2024, it has been decided how much DA the employees will get from July 2024. Now Final numbers have been released. A jump of 1.5 points has been seen in the June AICPI index. In May it was at 139.9 points, which has now increased to 141.4. However, the score of DA Hike has increased to 53.36. Which means that this time there will be an increase of 3 percent in DA Hike. In January, the index number was 138.9 points, due to which the DA Hike increased to 50.84 percent.
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Dearness allowance From July, Announcement In September
DA Hike for central employees will be announced by September or October, according to the Zee Business report. But, it has been implemented from July 2024. Payment for the intervening months will be in arrears. Under the 7th Pay Commission, AICPI numbers from January to June 2024 will decide the DA for central employees. Dearness allowance has reached 53.36 percent. According to which, the DA Hike is going to be 53 percent.
How The DA Will Be Added In Salary
A senior finance ministry official clarified to the Financial Express that it was the 5th Pay Commission which suggested merging dearness allowance DA into the basic, every time the consumer price index rises by 50% over the base index used by the last pay commission. Accordingly, in February 2004, the DA at 50% was merged into the basic and a precedent was set. However, in the 6th Pay Commission recommended not to merge DA with basic pay even when the dearness allowance breaches the 50% of basic salary mark.
The last DA hike of 4% was given in March this year but it was a retrospective implementation from January 2024, took the dearness allowance level to 50% of the basic. After the DA touched the 50% of basic level there were reports that the government may merge the DA into the basic now and start afresh from 0% DA. But the Government has been clarified that any such matter is not under consideration.
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