7th Pay Commission news: An increase in dearness allowance for central employees may be announced in September. It will be approved by the cabinet. Only after this will pensioners and employees get the benefit. If sources are to be believed, it may be announced in the second half of September.
7th Pay Commission news: A big good news is coming for the central employees. This time there will be a 3% increase in the Dearness Allowance (DA) of the central employees coming under the 7th Pay Commission. According to sources, this increase can be announced in September. It will be implemented from July 1.
When can the announcement be made?
An increase in dearness allowance for central employees may be announced in September. It will be approved by the cabinet. Only after this will pensioners and employees get the benefit. If sources are to be believed, it may be announced in the second half of September. If sources are to be believed, the cabinet may approve a 3% increase in dearness allowance on 18 or 25 September. However, no agenda has been given by the government so far.
How much will dearness allowance increase?
According to the information, there will be a 3% increase in dearness allowance, which will increase the current rate from 50% to 53%. This increase will be effective from July 1, 2024. The numbers of the AICPI-IW index between January and June 2024 have made it clear that the dearness allowance of employees will increase by 3% from July 2024. The June AICPI index has seen a jump of 1.5 points. In May it was at 139.9 points, which has now increased to 141.4. This has increased the score of dearness allowance to 53.36. This means that this time the dearness allowance will increase by 3 percent.
How much will be the increase in the month?
This increase in dearness allowance will lead to a significant increase in the salary of central employees. For example, those whose basic salary is ₹ 18,000 will get an increase of ₹ 540 in their dearness allowance. Whereas, those whose basic salary is ₹ 56,900 will get about ₹ 1,707 additional dearness allowance.
How much did dearness allowance increase in which month?
| Month | CPI(IW)BY2001=100 | DA% Monthly Increase |
| Jan 2024 | 138.9 | 50.84 |
| Feb 2024 | 139.2 | 51.44 |
| Mar 2024 | 138.9 | 51.95 |
| Apr 2024 | 139.4 | 52.43 |
| May 2024 | 139.9 | 52.91 |
| Jun 2024 | 141.4 | 53.36 |
On what basis is DA increased?
The rates of dearness allowance are based on the Consumer Price Index (CPI-IW). With the increase in inflation, the allowance of the employees also increases, its payment is necessary to maintain their spending capacity. The announcement of dearness allowance for central employees is to be made in September. But, it will be implemented only from July 1, 2024. The months of July and August will be paid as arrears.
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