7th Pay Commission : Big decision on increase in dearness allowance will be taken on July 31, know what gift you will get

7th Pay Commission DA Hike: An enormous replace has come out for the staff. Before Holi, the federal government had elevated the dearness allowance of workers by 4 p.c. Which has elevated from 46 p.c to 50 p.c.

– Advertisement –

But if dearness allowance is 50 p.c, it will now begin from zero. In such a scenario, the query stays in the minds of the staff that how a lot will DA increase after it turns into zero. Let us know in the information below-

The dearness allowance hike of central workers is 50 p.c. This is relevant from January 2024. The subsequent replace will be relevant from July 2024. This approval will be acquired by September 2024. But, for this it’s mandatory that the AICPI index numbers be between January and June 2024.

These numbers will resolve how a lot the dearness allowance of central workers will increase. Where will the calculations begin? Will the dearness allowance (DA hike) which was zero (0) after 50 p.c really change or will the calculation proceed past 50.

All these questions will positively be in the minds of central authorities workers. But, their reply will have to attend until July 31, 2024. Because, the quantity coming on July 31 will resolve how a lot the following DA Hike will increase. Let us perceive how.

Dearness allowance is determined from AICPI numbers

Dearness allowance for central workers is determined by AICPI index i.e. CPI(IW). The Labor Bureau points it on the final working day of each month. However, this knowledge is delayed by one month. For instance, the information for January comes on the finish of February. The index numbers resolve how a lot the dearness allowance will increase.

A system has been given for figuring out dearness allowance. For central authorities workers, this system is [(Average of All India Consumer Price Index (AICPI) of last 12 months – 115.76)/115.76]×100 In this the bureau collects knowledge on many gadgets. On the idea of this the index quantity is determined.

IMD Alert : There will be rain and storm too, IMD has issued a yellow alert concerning the climate.

– Advertisement –