7th Pay Commission: Big news for central employees! Will dearness allowance be zero (0) or 54%? Know this new update

Central authorities workers news: The knowledge for calculation of dearness allowance was to be launched on March 28. But, it was not accomplished. In such a scenario, two conditions are rising now. First, the Labor Bureau is altering its calculation, therefore it was not launched.

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Central authorities workers news: Not good news for central workers. The knowledge of dearness allowance has not been up to date in February 2024. This has created a scenario of confusion. Actually, dearness allowance (DA hike) has reached 50 % in January 2024. After this there’s a rule to cut back it to zero i.e. zero (0). However, this rule was made on the time of 7th Pay Commission. But, it’s nonetheless too early to say whether or not it should be carried out. Because, nothing has been stated on this but from any official facet. However, consultants consider that it’ll be decreased to zero. But, in the meantime, the information of AICPI index to be launched in February has elevated the stress. Because, this knowledge has not been shared by the Labor Bureau. The knowledge for calculation of dearness allowance was to be launched on March 28. But, it was not accomplished. In such a scenario, two conditions are rising now. First, the Labor Bureau is altering its calculation, therefore it was not launched. On the opposite hand, additionally it is being estimated that the counting of figures will proceed in the identical method.

February knowledge not launched

Let us inform you, the subsequent dearness allowance (DA Hike) for the staff (Central Government workers) is to be elevated in July. In the most recent knowledge of AICPI index, the index quantity has reached 138.9 factors. According to this, dearness allowance has grow to be 50.84 %. This knowledge was launched for the month of January 2024. But, the information for February continues to be lacking from the Labor Bureau sheet. There are speculations that the Labor Bureau could scale back it to zero, therefore its new quantity has not been launched. In such a scenario, it has grow to be a puzzle even for the consultants to say how a lot the dearness allowance will enhance.

How a lot can dearness allowance enhance?

According to consultants, the subsequent update in Dearness Allowance (DA) may be of 4 %. It will be paid on the fee of 54 % solely. The likelihood of it being zero seems much less. The DA rating decided by AICPI Index just isn’t up to date at current. According to the present pattern, dearness allowance has reached 51 %. Right now, it has to be determined from the information of February, March, April, May and June how large the subsequent surge will be. It is anticipated that it’ll enhance additional by 3 %. Meaning it should enhance from 51 to 54 %. Dearness allowance is calculated from the AICPI index. Inflation knowledge collected from completely different sectors within the index reveals how a lot the staff’ allowance ought to enhance compared to inflation.

DA elevated by 1 % in 1 month figures

If we have a look at the present scenario, the numbers for January have been launched. The February quantity was to be launched on March 28. But, it has been placed on maintain until now. Currently the index is at 138.9 factors, whereas the dearness allowance rating has reached 50.84 %. It is estimated that when the February figures come, it has crossed 51 %. After this, the rating of dearness allowance can be above 51.50 % in March. Only after the June 2024 AICPI index numbers come, it should be remaining how a lot the full enhance in dearness allowance will be.

There will be an enormous bounce in dearness allowance

Under the 7th Pay Commission, AICPI numbers from January to June 2024 will resolve the dearness allowance for central workers. Dearness allowance has reached 50.84 %. 5 months numbers are but to return. Experts consider that this time additionally a rise of 4 % is definite. Now whether or not dearness allowance begins from zero or the counting continues past 50 %. There could be a rise of 4 %. If this occurs then dearness allowance can attain 54 %.

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