DA Hike Latest News: It is difficult to say whether the 8th Pay Commission will be constituted or not. The central government has made it clear that there is no proposal in front of the government for the formation of the 8th Pay Commission for the salary hike of central employees. But the Modi government can give a big gift to the central employees and pensioners to control the damage. It is believed that the government may soon approve the increase in dearness allowance of central employees in the meeting of the Union Cabinet on Wednesday.
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. In the month of July, the retail inflation rate has been 6.71 percent. For the first half of 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 a decision anytime.
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.