7th Pay Commission news: The numbers of the AICPI-IW index released between January and June 2024 have decided how much dearness allowance (DA Hike) the employees will get from July 2024. Now it is the turn to announce it. The date has been decided. The gift will be received before Diwali.
7th Pay Commission news: The wait of Central government employees is finally going to end. Employees are going to get a big gift in the festive season. An increase in their dearness allowance is going to be announced. The date has been fixed. The gift will be received before Diwali. There was a discussion going on for a long time that after 50 percent dearness allowance, it will be made zero. After becoming zero, 50 percent DA will be merged in the basic salary. But, since January 2024, dearness allowance (DA Hike) is being given at 50 percent. But, it was not made zero. Now dearness allowance is to be announced from July 2024. Its date has come.
Announcement will be made on 23rd!
The announcement of DA Hike for the employees receiving salary under the 7th Pay Commission can be made in the cabinet meeting on 23rd October. Employees will be given the gift of festive season before Diwali. It will also be paid in October itself. Along with this, 3 months’ arrears will also be given to the employees. This arrears will be the difference between the old and new dearness allowance.
So will it be zero now or not?
The dearness allowance of the employees will not be zero. The calculation of dearness allowance will continue. Actually, there is no rule regarding this. Last time this was done when the base year was changed. Now there is no need to change the base year. Therefore, dearness allowance for central employees will increase at the rate of 50 percent.
This time dearness allowance will increase less
The numbers of the AICPI-IW index released between January and June 2024 have decided how much dearness allowance the employees will get from July 2024. Now it is the turn to announce it. The date has been fixed. You will get the gift before Diwali. 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, 139.4 points in April and 139.9 points in May. On this pattern, the dearness allowance reached 51.44 percent, 51.95 percent, 52.43 percent in April and 52.91 percent by May. The June numbers finalized how much dearness allowance will increase. With the index at 141.4 points in June, the score of dearness allowance has gone up to 53.36 percent.
| 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 |
How much can dearness allowance increase?
Dearness allowance (DA) can increase by only 3 percent. If this happens, the dearness allowance of the employees will become 53 percent. There is no possibility of it becoming zero. According to the current trend, even after the June numbers come, it will reach only 53.29 percent. Meaning it will be increased from 50 to 53 percent. Dearness allowance is calculated from the AICPI index. The inflation figures collected from different sectors in the index show how much the allowance of the employees should increase in comparison to inflation.
Will be implemented only from July 1, 2024
The announcement of dearness allowance for central employees is made on 23 October. But, it will be implemented only from July 2024. The payment for the intervening months will be made as arrears. Under the 7th Pay Commission, the AICPI numbers from January to June determine the dearness allowance for central employees. Dearness allowance has reached 53.36 percent. In such a situation, an increase of 3 percent is certain this time. The total dearness allowance will become 53 percent.
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