7th Pay Commission latest news today: The Labor Bureau has released the data that determines dearness allowance. Data for three months has been released together. If we look at the current trends, we can see a jump of up to 3 percent in dearness allowance.
7th Pay Commission latest news today: Good news has come for central employees regarding dearness allowance. The data of dearness allowance to be increased in July 2024 has come out. It is clearly visible from this that once again a big jump can be seen in the dearness allowance of the employees. The Labor Bureau has released the data determining the dearness allowance. Data for three months has been released simultaneously. According to the current trends, there can be a jump of up to 3 percent in dearness allowance. The data for two months is yet to come, after which the actual number will be known. At present, dearness allowance has reached close to 53 percent.
AICPI index jumped
The numbers from the AICPI index decide how much the dearness allowance can increase. Based on the numbers between January and June 2024, it will be decided how much dearness allowance the employees will get from July 2024. So far, the numbers for January, February, March, April have come. The number for May will be released at the end of June. Let us tell you, till now the central employees coming under the 7th Pay Commission are getting 50 percent dearness allowance. Now this dearness allowance will increase in July. In January, the index number was at 138.9 points, due to which the dearness allowance increased to 50.84 percent. After this, the index was at 139.2 points in February, 138.9 points in March and 139.4 points in April. On this pattern, dearness allowance has reached 51.44 percent, 51.95 percent and 52.43 percent by April.
Dearness allowance will be only 53 percent
If experts are to be believed, only 3% revision is visible in dearness allowance. According to the index, till April, dearness allowance is at 52.43%. May and June are yet to come. If the index increases by even 0.5 points in June, it will reach 52.91%. After this, the index will have to reach 143 points, only then there is a possibility of 4% dearness allowance. But, such a big increase will not be seen in the index. Therefore, employees will have to be satisfied with 3% this time.
When will the next revision in dearness allowance happen?
The next revision in the Dearness Allowance (DA Hike) for employees is to be implemented from July. But, it is announced by September or October. Actually, the June figure will come by the end of July. After this, it will be decided on this basis how much the increase is to be. After this, the file will reach the Finance Ministry from the Labor Bureau and then the Cabinet will approve it. That’s why there is a delay in it. But, by September or October it is confirmed that the Dearness Allowance to be implemented from July will be approved. After this, the increased DA will also be paid from the salary of the month in which the approval is received. The payment of the intervening months is made through arrears.
Dearness Allowance will not be zero
The Dearness Allowance of the employees will not be zero. The calculation of Dearness Allowance (DA Hike calculation) will continue. There is no fixed rule regarding this. Last time this was done when the base year was changed. Now there is no need to change the base year at present and there is no such recommendation either. Therefore, further calculation for central employees will be beyond 50 percent.
