7th Pay Commission: Dearness Allowance may increase in August! Know what signal was received from the central government

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7th Pay Commission: Central employees do not need to worry about rising inflation in the festive season. He is likely to get a big good news soon from the Central Government. It is being told that the dearness allowance of the employees can be increased soon by the Seventh Pay Commission. According to media reports, the dearness allowance is going to be increased by the central government in the month of August itself. In such a situation, the question is arising as to how much the dearness allowance of the employees can be increased. Meanwhile, data on inflation has also been released by AICPI-IW in the month of June.

The index rose 1.7 percent in June.

The All India CPI-IW data for the month of June 2023 was released by the Labor Bureau. In the report, compared to May 2023, the index has increased by 1.7 percent to reach 136.4 percent in June. At the same time, there has been an increase of 1.26 percent in the AICPI-IW number on the percentage change of one month as compared to May last month. The current index is witnessing maximum upside pressure due to increase in food & beverages inflation. According to the report, Rice, Wheat, Flour, Arhar Dal, Moong Dal, Fresh Fish, Poultry Chicken, Egg-hen, Apple, Banana, Brinjal, Carrot, Ginger, Cauliflower, Green Chilli, Potato, Onion, Tomato, Cumin, Cumin , The prices of betel nut, casual wear, canvas shoes, utensils, medicine increased in the month of June. However, a decline was seen in the prices of mustard oil, palm oil, coconut oil, lemon, mango, kerosene oil, etc. This has put a stop to the growth of the index.

dearness allowance may increase by four percent

Let us tell you that on the basis of All India CPI-IW data of the Central Government, DA and Dearness Allowance of central employees and pensioners are fixed. At present, 42 percent dearness allowance is given by the government to the employees and pensioners. The new AICPI-IW data indicates that DA and DR may increase by 4 per cent. The DA score has increased to 46.24 per cent in June. However, the final decision on the increase in DA and DA has to be taken by the Central Government. According to the Seventh Pay Commission, DA is increased twice by the Central Government. The first hike takes place at the beginning of the year, while the second hike is done during the month of July. The next report of AICPI-IW regarding July is likely to be released on August 31.

What is dearness allowance

dearness allowance (Dearness Allowance, DA) is an allowance paid to employees and pensioners over and above their basic pay. This allowance changes at regular intervals according to the change in the rate of inflation in the value of life. Dearness Allowance is implemented by the Government of India in the salaries of scheduled workers, government employees, pensioners, and central government employees. This allowance is determined by the government from time to time and not as a fixed allowance, but changes by a percentage based on the inflation rate. When inflation increases, dearness allowance also increases, due to which the employees get the benefit of fair salary. The main objective of Dearness Allowance is to keep the earnings of the employees and pensioners updated with the inflation rates to help them lead a disciplined life and balance the rising cost of living. Dearness Allowance is an essential salary allowance for the employees living in the government sector in India which helps in their economic stability.

How does the central government give dearness allowance?

Dearness Allowance is provided by the central government to professional services, government employees, and pensioners. This allowance varies from time to time on the basis of job description and length of service prescribed by the Government of India. Dearness Allowance is given when the authorized institutions (State, Central Trade Department, etc.) increase the inflation rate. In India, the Pay Commission is constituted to fix the pay and allowances of the officers. The Pay Commission also makes recommendations in the matter of dearness allowance. Also, the Fund Commission is the financial advisory body of the Government of India, which manufactures financial foreign funds between the state governments and the central government. The Fund Commission can also consider the matter of dearness allowance. Dearness allowance is published through government notifications, in which the date of receipt of allowance and the estimated amount is given. Dearness Allowance is administered by the concerned government departments and is reviewed at regular intervals so that government employees get the benefit of fair wages.

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