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HomeBusiness7th Pay Commission: Cabinet approves increase in dearness allowance of employees and...

7th Pay Commission: Cabinet approves increase in dearness allowance of employees and pensioners

DA Hike Latest News: The issue of inflation has been discussed in both the houses of the Parliament. The opposition has been a fierce attacker on the government’s failure to check inflation. But on Wednesday, August 3, 2022, the Modi government can give a big gift to the central employees and pensioners to control the damage. Prime Minister on Wednesday Narendra Modi In the meeting of the Union Cabinet to be chaired by, the increase in dearness allowance of central employees can be stamped.

Let us tell you that the central government revises DA and DR twice a year during the month of January and July on the basis of retail inflation data. Inflation in the country has reached above the estimates of RBI. Retail inflation has gone above the RBI’s tolerance level of 6 per cent. If the retail inflation data for the month of June is above 7 percent, then the wholesale price based inflation rate remains above 15 percent. For the year 2022, from January to June, the government has increased the dearness allowance. Now the increase in dearness allowance for the month of July to December is awaited. On which it is believed that the government can take decisions.

How much will DA increase!
Earlier it was believed that the dearness allowance would be increased by 4 percent. But after the data of the All-India Consumer Price Index for Industrial Workers, it is expected that the dearness allowance can be increased by 5 percent. In view of the data of All-India Consumer Price Index, this It is being estimated that the dearness allowance of central employees can be increased by 39 percent. With the increase in dearness allowance, a tremendous increase in the salary of central employees is possible. If the dearness allowance of central employees is increased from 34 percent to 39 percent, then it can increase the salary of central employees from Rs 8,000 to Rs 27,000.

Relief from inflation!
According to the data, the effect of this decision of the central government will be 47 lakh employees and 68 lakh pensioners. In general, there has been a trend of increasing dearness allowance from 1st January and 1st July, in such a situation, in the month of July, central workers can get the gift of happiness.

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