7th pay commission latest news: The AICPI (All India Consumer Price Index) index for November 2024 remained at 144.5 points, which was also at 144.5 points in October. However, there has been a jump of about 0.49 percent in the dearness allowance score (DA).
7th pay commission: There is good news for central employees. The number of AICPI index for November 2024 has come. There has been no change in it. But still good news has come for the employees. It has been confirmed that the employees will get a new dearness allowance (DA Hike) at the rate of 56 percent. Actually, till October 2024, the DA score was 55.05%, but in the November figures it has increased to 55.54%. Now we have to wait for January 31, 2025, when the number of AICPI index will be released for the month of December. Only after this the final number will be decided. However, now more than 56 percent dearness allowance seems impossible. Overall, it is almost certain that the DA of the employees will increase by only 3 percent.
AICPI Index November 2024 Update
The AICPI (All India Consumer Price Index) index of November 2024 remained at 144.5 points, which was also at 144.5 points in October. However, there has been a jump of about 0.49 percent in the score of dearness allowance (DA). In October 2024, the total DA score on the index number was 55.05%, while in November 2024 the DA score has reached 55.54%. Central employees as well as pensioners will get the benefit of this jump. Now the December 2024 index is awaited which will decide the final score.
56% has been confirmed
Dearness allowance is calculated on the basis of the average AICPI index of the last 6 months (July-December). But, 56 percent of dearness allowance is considered fixed. Because, on the basis of numbers till November, dearness allowance has become 55.54 percent, in this situation the government will consider it as 56 percent only because, the figure before 0.50 is rounded off from the downward calculation and the figure above is rounded off from the upward calculation. Therefore, 56 percent is fixed.
Will DA be more than 56%?
Looking at the current trends, it seems that the dearness allowance will increase by only 3%. Because, the index is at 144.5 points till November. Even if there is a direct increase of 1 point in it, the total score of dearness allowance will reach only 56.16%. Even in this situation, the dearness allowance of the employees will be only 56%.
What will be the effect of 56% DA on salary?
Every 1% increase in dearness allowance has a significant impact on the monthly salary of the employees.
Example
Basic Pay: ₹18,000
53% DA: ₹9,540
56% DA: ₹10,080
Benefit: ₹540 per month
Basic Pay: ₹56,100
53% DA: ₹29,733
56% DA: ₹31,416
Benefit: ₹1,683 per month
The rate of DA remains the same for pensioners as well. Which is increased to their existing pension.
What is the benefit of DA?
Relief in facing inflation: DA compensates for inflation.
Improvement in the salary of government employees: This increases the disposable income of the employees.
Benefit to pensioners: The implementation of DA on pension also helps in old age.
Burden on the government treasury: The increase in DA has a direct impact on the government treasury.
DA will be implemented from 1 January 2025
After the figures of dearness allowance are released, it will be implemented from 1 January 2025. However, it will be announced in March. Usually the government announces it around Holi. At present, dearness allowance is being given at the rate of 53 percent from 1 July 2024. After cabinet approval, the Finance Ministry notifies it.
