7th Pay Commission: Dearness allowance of central employees can be approved today, know how much the salary will increase

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DA Hike:A cabinet meeting is being organized by the Central Government today. In this meeting, the dearness allowance of central employees (DA) may be announced. It is being told that after the announcement of the bonus, today the government can give a big gift to the employees and pensioners by increasing the dearness allowance by three to four percent. If DA increase is announced by the government today, then increased DA may be included in the salary released in the month of October. Earlier, DA of employees was increased by four percent on March 24. This came into effect from January 1, 2023. Earlier, employees used to get 38 percent dearness allowance. But, after the increase of four percent, dearness allowance became 42 percent. This time also the employees are demanding an increase of four percent. However, only three percent growth is expected. The DA which will be increased by the government will be effective from July 1, 2023.

How much is the salary going to increase?

At present 42 percent dearness allowance is being given by the Central Government. In such a situation, if DA is increased by four percent, it will increase to 46 percent. This means that if your basic salary is Rs 30 thousand, then currently you get DA of Rs 12,600 according to 42 percent dearness allowance. If the government increases it by four percent, then DA will increase to 46 percent. After this, you will get dearness allowance of Rs 13,800 on your basic salary of Rs 30 thousand. That means your salary will increase by Rs 1200 per month.

More than one crore employees and pensioners will get benefits

By giving dearness allowance to the employees during festivals by the Central Government, about one crore employees and pensioners will benefit from it. At present there are 47.58 lakh central employees and about 69.76 lakh pensioners. However, no official announcement has been made yet by the Central Government regarding DA. Considering the demand of the employees, it is understood that dearness allowance may increase till Diwali.

What is dearness allowance?

dearness allowance (Dearness Allowance, DA) is a type of allowance which is given to government employees and pensioners in the form of increase in their salary or pension according to inflation. Its objective is that when inflation increases, their salary or pension should be increased to improve their economic conditions. Its objective is that people are not only linked to the basic salary, but their income is adjusted to their economic needs and inflation. The basic basis of dearness allowance is a special kind of living wage which is called “Cost of Living”. Its basic objective is that a person can properly balance his cost of living based on his personal income. Governments reform the dearness allowance from time to time so that the use of salary and pension mechanism can help the individuals in saving the reasonable cost of living.

How is DA of employees decided?

Inflation rate is considered to decide the DA of central employees. As much as inflation is. The DA of central employees is expected to increase by the same amount. Dearness allowance of employees is decided twice a year. Once on 1st January and second time on 1st July. The DA standard is prepared on the basis of CPI-IW data. Apart from this, they are seen for its calculation.

• Dearness Allowance Committee (MPC): A committee or commission is formed to decide the dearness allowance, which is called ‘Dearness Allowance Committee’ or ‘Dearness Allowance Commission’. The objective of this committee is to determine the inflation rates in the market.

• Dearness List: A dearness list is prepared by the Dearness Allowance Committee or Commission. Inflation values ​​of various clothes, food etc. are determined in this list.

• Review of inflation rates: The Dearness Allowance Committee senses the market across the country at regular intervals and reviews inflation rates.

• Recommendation and suggestions: The committee hears suggestions and recommendations from departments, businessmen, and other organizations at conferences and at various levels.

• Following the Dearness Rates: Considering the different receipts, the Committee may adapt the values ​​of Dearness Allowance.

• Government Approval and Publication: After the dearness allowance suggested by the committee is approved by the government, it is made public.

• Traders and consumers get help in determining the price of clothes and services according to the new dearness allowance.

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