Central government employees news: The data for calculation of dearness allowance was to be released on March 28. But, it was not done. In such a situation, two situations are emerging now. First, the Labor Bureau is changing its calculation, hence it was not released.
Central government employees news: Not good news for central employees. The data of dearness allowance has not been updated in February 2024. This has created a situation of confusion. Actually, dearness allowance (DA hike) has reached 50 percent in January 2024. After this there is a rule to reduce it to zero i.e. zero (0). However, this rule was made at the time of 7th Pay Commission. But, it is still too early to say whether it will be implemented. Because, nothing has been said on this yet from any official side. However, experts believe that it will be reduced to zero. But, meanwhile, the data of AICPI index to be released in February has increased the tension. Because, this data has not been shared by the Labor Bureau. The data for calculation of dearness allowance was to be released on March 28. But, it was not done. In such a situation, two situations are emerging now. First, the Labor Bureau is changing its calculation, hence it was not released. On the other hand, it is also being estimated that the counting of figures will continue in the same manner.
February data not released
Let us tell you, the next dearness allowance (DA Hike) for the employees (Central Government employees) is to be increased in July. In the latest data of AICPI index, the index number has reached 138.9 points. According to this, dearness allowance has become 50.84 percent. This data was released for the month of January 2024. But, the data for February is still missing from the Labor Bureau sheet. There are speculations that the Labor Bureau may reduce it to zero, hence its new number has not been released. In such a situation, it has become a puzzle even for the experts to say how much the dearness allowance will increase.
How much can dearness allowance increase?
According to experts, the next update in Dearness Allowance (DA) may also be of 4 percent. It will be paid at the rate of 54 percent only. The probability of it being zero appears less. The DA score determined by AICPI Index is not updated at present. According to the current trend, dearness allowance has reached 51 percent. Right now, it has to be decided from the data of February, March, April, May and June how big the next surge will be. It is expected that it will increase further by 3 percent. Meaning it will increase from 51 to 54 percent. Dearness allowance is calculated from the AICPI index. Inflation data collected from different sectors in the index shows how much the employees’ allowance should increase in comparison to inflation.
DA increased by 1 percent in 1 month figures
If we look at the current situation, the numbers for January have been released. The February number was to be released on March 28. But, it has been put on hold till now. Currently the index is at 138.9 points, while the dearness allowance score has reached 50.84 percent. It is estimated that when the February figures come, it has crossed 51 percent. After this, the score of dearness allowance can be above 51.50 percent in March. Only after the June 2024 AICPI index numbers come, it will be final how much the total increase in dearness allowance will be.
There will be a huge jump in dearness allowance
Under the 7th Pay Commission, AICPI numbers from January to June 2024 will decide the dearness allowance for central employees. Dearness allowance has reached 50.84 percent. 5 months numbers are yet to come. Experts believe that this time also an increase of 4 percent is certain. Now whether dearness allowance starts from zero or the counting continues beyond 50 percent. There may be an increase of 4 percent. If this happens then dearness allowance can reach 54 percent.
