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Home FINANCE 7th Pay Commission: Big update for central employees, this will be announced...

7th Pay Commission: Big update for central employees, this will be announced in Modi cabinet meeting today!

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7th Pay Commission DA Hike: If you yourself are a central government employee or there is a central employee in your family, then this news will make you happy.

An announcement can be made by the government on the dearness allowance and dearness relief allowance for 65 lakh employees and 50 lakh pensioners in the Modi cabinet meeting to be held on Friday. Apart from this, the rapidly growing case and prevention of Kovid-19 is also expected to be discussed in this meeting. Shobha Karandlaje said that the free ration available under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) can also be extended further.

This will be a New Year’s gift for the employees, a decision can be taken on the increase of 4 percent dearness allowance from the Modi cabinet. If this announcement is made by the government, then it will be a New Year gift for the employees. The figures of AICPI index till October have been released by the Labor Ministry. The AICPI index for October has increased by 1.2 points as compared to September and has reached the level of 132.5. In September it was 131.3 percent.

DA will increase to 42 percent!

If DA is increased by 4 percent, then it will increase to 42 percent. Based on the DA hike in September, it is currently at 38 percent. After this increase, there will be a good increase in the salary of the employees. Under the Seventh Pay Commission (7th Pay Commission), DA hike is done twice every year by the government. In January 2022 and July 2022, a total increase of 7 percent DA was announced.

Who releases the data?

Let us tell you that it is decided on the basis of AICPI index that how much will be the increase in dearness allowance? On the last working day of every month, the figures of All India Consumer Price Index (AICPI) are released by the Labor Ministry. This index has been prepared for 88 centers and for the entire country.

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