New Delhi: Under the Seventh Pay Commission, what can be good news that in July 2022, the Dearness Allowance (DA) of Central Government employees may increase further. With the increase in DA, the monthly salary of government employees will also increase. Growth. According to media reports, the central government employees can get good news related to increase in dearness allowance till May 31, 2022. However, the central government has not yet issued any update on this.
DA or Dearness Allowance is a major component in the salaries of non-government employees. Salary component is provided to government employees to deal with the effect of rising inflation.
According to the rules of the Seventh Pay Commission, the government revises the Dearness Allowance (DA) twice a year. The first DA hike in a year usually comes in the month of January and the second is announced in the month of July.
The growth percentage depends on inflation rates. AICPI (All India Consumer Price Index is usually the reference on the basis of which the central government decides the DA growth percentage.
In the first hike in 2022, the government had increased the DA of its employees by 3 per cent to 34 per cent. With the last DA and DR revision, there was a huge increase in the salaries of 47.68 lakh central government employees and 68.62 lakh pensioners.
The AICPI in December 2021 was 125.4. In the month of January 2022, it declined by 0.3 points to 125.1. Further, in the month of February 2022, the AICPI decreased by 0.1 points to 125. However, it again reached 125.1 with an increase of 1 point in the month of March 2022. , Read also: Globally, more than 15,000 technical workers lost their jobs in May; Worrying sign for IT workers?
According to reports, if the AICPI remains above 126, the government may increase the DA by 4 per cent. If this happens, then the DA of central government employees will increase to 38 percent. Read also: Athos IPO GMP Today, Listing Date, and More: Will Investors Make a Profit or a Loss?
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