7th pay commission latest news today: The evening of 31st March is going to be memorable for the central employees. This time, increased dearness allowance will be added to his salary. This will be 50 percent. Dearness allowance has been increased by 4 percent from January 2024. This is to be credited in the March salary. This time banks will also open on 31st March i.e. Sunday.

There will be work in banks due to the closing of the financial year. But, the bank is closed for the general public. Therefore, the salary of central employees will come on 30th or 31st March. This time, the salary that is going to come will bring more money by adding various types of allowances to it.

Why will banks open on Sunday?

March 31 is Sunday, usually a bank holiday. But, this time due to the closing of the current financial year, banks are being opened. However, the increased salary of central employees may also come on March 30. The last day of the financial year is bringing happiness for the central employees.

How much will the salary increase?

There has been an increase of 4 percent in the dearness allowance (DA) of central employees. Employees’ allowance has increased to 50 percent. It has been implemented from January 2024. In such a situation, central employees will also get arrears for two months – January and February. This means that in addition to the increased allowance for March, two months’ arrears will also be added to the March salary.

What other benefits will the employees get?
House Rent Allowance (HRA) has also increased as the allowance of central employees has reached 50%. According to the category of the city, central employees will get HRA of 30 percent, 20 percent and 10 percent.

Apart from this, there has also been an increase in other allowances, which will be given by adding it to the March salary. These include special allowance for childcare, child education allowance, hostel subsidy, travel allowance on transfer, dress allowance, gratuity ceiling, mileage allowance. However, all these allowances have to be claimed.

Now calculation will start from zero
The mathematics of Dearness Allowance (DA) of central employees is changing in the year 2024. Actually, the dearness allowance applicable from January 1 has reached 50 percent, so now the rule says that after reaching 50 percent dearness allowance, it will be merged with the basic salary and its calculation will start from zero. But, it will be calculated from the next dearness allowance. However, its numbers have started coming in.

When will dearness allowance become zero?
According to experts, the new dearness allowance will be calculated in July. Because, the government increases dearness allowance only twice a year. Approval for January has been given in March. Now the next revision is to be implemented from July 2024. In such a situation,

dearness allowance will be merged only and it will be calculated from zero. Meaning, the AICPI index from January to June 2024 will decide whether dearness allowance will be 3 percent, 4 percent or more. As soon as this situation is cleared, 50 percent dearness allowance will be added to the basic salary of the employees.

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DA Hike News: For those who are waiting for the announcement on DA hike and 18 months arrears, here is a big update. Central government employees are likely to get two big gifts from the Center soon. One can be increase in dearness allowance and second, 18 months’ arrears can be released. If reports are to be believed, these two gifts will lead to a huge increase in the salaries of central government employees.

According to media reports, can central government employees and pensioners get the arrears of Dearness Allowance (DA) and Dearness Relief (DR) suspended for 18 months during the COVID pandemic or not? A letter has been written to Union Finance Minister Nirmala Sitharaman in this regard.

In the letter, Mukesh Singh, General Secretary of Bharatiya Immunity Mazdoor Sangh, has urged the Central Government to release the DA dues of 18 months which were previously suspended. Let us tell you that during the time of Covid, the Central Government had stopped the payment of DA and DR for 18 months from January 2020 to June 2021.

What is dearness allowance and dearness relief?

Central Government employees should note that dearness allowance is a component of pay aimed at reducing the impact of inflation. To cope with rising inflation, the effective salary of government employees is revised from time to time. The Center revises DA twice every year in January and July.

Let us tell you that the latest DA for Central Government employees and DR for Central Government pensioners has been increased from 42% to 46%. The new rates have come into effect from July 1, 2023.

How much increase is expected in DA?

This time the Dearness Allowance (DA) of central employees is expected to increase by 4 percent and it can be approved in March and will be paid in April. The new DA rate will be applicable from January 1, 2024.

After the announcement of DA increase in March, it will be paid in the salary of April 2024. It is expected that before Holi, the government will approve the increase in dearness allowance for the employees. If there is an increase in this, then the central government employees will get three months’ money in lump sum.

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7th Pay Commission DA hike: The salary of lakhs of central government employees (Central Govt Employees) may increase again soon. Along with this, the pensioners of the Central Government can also get more money every month. It is being told that the Central Government (Central Govt) led by Prime Minister Narendra Modi is once again considering increasing dearness allowance and dearness relief in July.

There was an increase in March

The government has increased DA and DR by 4-4 per cent in March this year. The increased rates have come into effect from January 1, 2023. Now again there are speculations of increasing DA and DR. If this happens, then the salary of about 50 lakh central government employees will increase once again. Apart from this, lakhs of pensioners of the central government will also start getting more money.

This is how change happens

According to the 7th Pay Commission, DA and DR are increased twice a year. For the first time dearness allowance and relief are increased in January and the second revision takes place in July. The government takes this decision on the basis of All-India CPI data i.e. AICPI Index (All India Consumer Price Index). Its figures are issued by the Labor Bureau under the Ministry of Labor and Employment. DA/DR component has been added to the salary/pension of government employees and pensioners to protect them from inflation.

Now expected to grow

According to a press release from the Labor Bureau, the AICPI index decreased by 0.1 points to stand at 132.7 in the month of February. This index stood at 132.8 points in January. During the month of March, this figure increased by 0.6 points to reach 133.3 points. This is 0.45 percent more than a month ago i.e.

February 2023 and 0.80 percent more than a year ago i.e. March 2022. In such a situation, speculations are being made once again to increase dearness allowance and relief. It is believed that the central government can increase DA and DR by 3-3 percent from July 1.

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Chief Minister Sukhwinder Singh Sukhu has given this special gift to all the employees of the state on the occasion of 76th Himachal Day on Saturday.

Since this increase, the dearness allowance of government employees has been increased from 31 per cent to 34 per cent, which has benefited about 2.15 lakh employees and 1.90 lakh pensioners. According to a statement issued by the government, this decision will put an extra burden of about Rs 500 crore on the state exchequer.

Women will get monthly allowance

Even after the dearness allowance hike, Chief Minister Sukhwinder Singh Sukhu also fulfilled a promise made in the Congress manifesto during last year’s assembly elections, to give a monthly allowance of Rs 1,500 to all 9,000 women in Spiti above the age of 18. Has also announced, which will start from June 2023.

The Chief Minister also announced this

Apart from all these, the Himachal Pradesh government has also announced a 50-bed Community Health Center and a college in Kaza. At the same time, the state government will demand from the Ministry of Defense to develop an airstrip at Rangrik in Spiti Valley. Along with this observatory will also be established. Land has also been identified for setting up Rajiv Gandhi Day-Boarding School near Kaza.

DA was increased by the central government

Let us tell you that this increase from the Himachal Pradesh government has come after the increase in DA from the center and some state governments. The central government is giving 42 percent dearness allowance to its employees and pensioners. Recently, the government had increased the DA of central employees by 4 percent.

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The announcement may be made on September 28 and there is only a few days to wait and soon after that big money can come in the account of the employees. If sources are to be believed, the government can make a formal announcement on September 28. That is, you will get this gift in Navratri. Employees will get DA at the rate of 38 per cent next month.

Let us tell you that the new dearness allowance of the employees will be applicable from July 1, 2022, that is, you will get the money for the last 3 months in the form of arrears and this amount will be transferred to your account along with the increased DA. The DA of the employees depends on the All India Consumer Price Index. Accordingly, the salary of the employees increases.

How much will the salary increase?

Talking about the increase in salary, if the minimum salary of an employee is Rs 18000 and at the level of cabinet secretary is Rs 56900 and DA will be given at the rate of 38 percent, then the total increase in annual DA on basic salary will increase by Rs 6840. That is, there will be an increase of Rs 720 in the monthly DA. Apart from this, if your basic salary is Rs 56900, then you will get dearness allowance of Rs 27312.

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The way has been cleared for dearness allowance for central employees and pensioners. This episode has gone one step further. Now the file of proposal of Dearness Allowance in the Union Cabinet has gone ahead. If sources are to be believed, the file of DA and DR hike has already reached the Union Cabinet.

Now it will be approved. Sources have claimed that it will be approved in the cabinet in the last week of September and the increased DA of the employees will be announced. Let us tell you, this time there may be an increase of 4 percent in Dearness Allowance (DA). At present, dearness allowance is being given at the rate of 34 per cent. After increasing, it will reach 38 percent.

Dearness allowance will be increased for the second time in a year

The central government announces dearness allowance twice a year. It is implemented on two half-yearly basis. The first is applicable from January and the second from July. Dearness Allowance was increased by 3 per cent for January 2022. It was increased from 31 per cent to 34 per cent. Keeping in view the level of inflation, it is given as alimony to the central employees. It is scaled up on the data of the AICPI index. On the basis of first half figures, dearness allowance increases in July. At the same time, on the data between July and December, it is announced to increase DA in January.

Keeping in view the level of inflation, dearness allowance increases

At present, the level of inflation in the country is much above the estimates of the Reserve Bank of India. However, now it is under control. However, there has been a steady increase in the industrial inflation figure. From this it has been estimated that there may be an increase of 4 percent in dearness allowance from July. Data from the All India Consumer Price Index for Industrial Workers has also revealed that DA / DR may increase by 4 percent.

52 lakh employees and 63 lakh pensioners will get benefit

About 52 lakh central government employees and 63 lakh pensioners will get the benefit of dearness allowance, which will be applicable from July 2022. The minimum basic salary in the pay-level band of the employees is Rs 18000. On this, dearness allowance is paid at the rate of 34 percent. If there is an increase of 4 per cent in DA, then it will reach 38 per cent. This will increase the pocket of that employee by Rs 720 per month. At the same time, the employees whose basic salary is 25 thousand rupees, then there will be a benefit of 1000 rupees every month in their salary. 

Calculation on minimum basic salary

1. Basic salary of the employee Rs 18,000 
2. Existing dearness allowance (34%) Rs 6120/month
3. New dearness allowance (38%) Rs 6840/month
4. By how much dearness allowance increased 6840- 6120 = Rs 720/month
5. Increase in annual salary 720X12 = Rs 8640

Calculation on maximum basic salary

1. Basic salary of the employee Rs
56900 2. Dearness allowance so far (34%) Rs 19346 / month
3. New dearness allowance (38%) Rs 21622 / month
4. How much dearness allowance increased 21622-19346 = Rs 2276 / month
5. Increase in annual salary 2276 X12 = Rs 27,312

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The formal announcement of dearness allowance will be made on 28 September i.e. on the third Navratri. Dearness allowance will be applicable from July 1, 2022 and will increase to 38 percent. Central employees will also get money for DA Arrear for two months.

On which date the money of 38% DA will come?

After increasing the dearness allowance by 4 percent, the total dearness allowance of central employees has reached 38%. The new Dearness Allowance (DA Hike) will be paid in the salary of September 2022. In this, the money for the arrears of two months of July and August will also come. The new dearness allowance will be considered as applicable from July 1, 2022. Overall, the government will pay it at the time of Navratri. This will bring big money in the pockets of the employees.

What will be the difference in salary?

cThe minimum basic salary in 7th Pay Commission is Rs 18,000 and at the level of Cabinet Secretary is Rs 56,900. According to 38 percent, the total increase in annual DA on basic salary of Rs 18,000 will be available for Rs 6,840. Total DA will increase by Rs 720 per month. At the maximum basic salary bracket of Rs 56,900, the total increase in annual dearness allowance will be Rs 27,312. Those in this salary bracket will get Rs 2,276 more as compared to 34%.

How much will dearness allowance increase, how will it increase?

The figures for the first half of AICPI-IW (All India Consumer Price Index- Industrial Worker) were released. In this, the index rose 0.2 points to 129.2. The government uses the data of this index to decide the Dearness Allowance of the employees. There has been an increase of 4 percent in DA due to the rise in the index. Experts are claiming that dearness allowance will be increased by 4%. More than one crore central employees and pensioners will get the benefit of this.

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