7th Pay Commission: After the DA hike is announced, the salary of the central government employee, who has a basic salary of around Rs 18,000 per month, will increase in the range of Rs 540-720 per month, effective from July 1, 2024.
7th Pay Commission: Reports suggest the central government is likely to announce a 3 per cent hike in dearness allowance this time for Central government employees. If the Centre makes the announcement, the DA will increase from 50 per cent to 53 per cent of the basic pay.
The DA hike formula for the Central government employees is based on the average of the All India Consumer Price Index, or AICPI, for the previous 12 months, making it a crucial aspect of salary calculations for government employees.
7th Pay Commission: The DA to the state government staff of Sikkim and dearness relief to pensioners shall be enhanced from the existing 46 per cent to 50 per cent with effect from January 1, 2024.
7th Pay Commission: The Central government generally hikes DA and DR for employees and pensioners twice a year -- once in January and then in July -- with announcements usually made in early March and October.
7th pay Commission: The Central government gives Dearness Allowance to its employees and pensioners to offset the impact of inflation and it is being granted to them to cope with increasing prices.
7th Pay Commission: The Finance Ministry has clarified that it has not issued any notice on resumption of Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for Central government pensioners from July 2021.
According to media reports, the Centre is expected to increase the dearness allowance of its employees by 4 per cent which will increase the Dearness Allowance to 21 per cent. At present, dearness allowance is 17 per cent.
The Delhi government has put on hold hike in inflation-linked allowance for around 2.2 lakh employees and pensioners till July 2021, following a similar step by the Centre.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,510.04 crore per annum and Rs.14,595.04 crore in Financial Year 2020-21 (for a period of 14 months from January, 2020 to February, 2021).
New Delhi: Government today approved 7 per cent hike in dearness allowance (DA), taking it to 107 per cent of basic pay, a move that will benefit around 30 lakh central employees and 50 lakh
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