Dearness Allowance: Will central government bring 8th pay commission for employees? Will this decision be taken after the DA hike? However, this should be known.
8th Pay Commission: The central government has been increasing the dearness allowance to the employees every year. DA has been going up twice every year except during Corona time.DAThe increase in (DA) will bring a lot of benefit to the employees. Because of thisWages(Salary) will reach higher. That’s why employees are waiting for DA increase. There is a possibility to increase the DA for the employees of Modi government soon.
There are estimates that this time too DA increase may be 4 percent. If this happens DA may reach 46 percent. Currently DA is 42 percent. That means dearness allowance or DR will reach 50 percent after January next year. On top of that, it can reach up to 50 percent. If this happens, will the Center bring in the 8th Pay Commission? It remains to be seen. Generally speaking according to the 7th Pay Commission.. if the DA exceeds 50 percent then a new Pay Commission has to be brought. However, the central government has recently responded to this issue.
The central government recently responded to the issue of setting up the 8th Pay Commission. A key announcement was made in the Lok Sabha. The Ministry of Finance has clarified that at present they do not have any proposal regarding the formation of the 8th Pay Commission. Union Minister of State for Finance Pankaj Chaudhary disclosed this. He informed this while giving a written answer to a question. It is expected that the DA will reach 50 percent or more in January 2024, so will the Center bring the 8th Pay Commission? The question has been answered to this extent.
Dearness allowance is currently 42 percent. This is applicable for the period from January to June 2023. Also, DA will have to be increased again for the period of July to December. There are expectations that there may be a 4 percent increase this time as well. If this happens then DA will reach 46 percent. Also, DA may reach 50 percent in the next year. That is why the Center has clarified the issue of the 8th Pay Commission to this extent. They revealed that they had no such proposal.
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