In the last walking in March 2024, the main federal government had actually elevated dearness allocation by 4 percent to 50 percent of the standard pay.
7th Pay Commission: The Union Cabinet is most likely to accept a 3 percent walking in dearness allocation (DA) and dearness alleviation (DR) in its conference on Wednesday.
7th Pay Commission: Central civil servant and pensioners are readied to obtain a Diwali treasure trove from the federal government as the Union Cabinet is most likely to accept a 3 percent walking in dearness allocation (DA) and dearness alleviation (DR) in its conference on Wednesday, CNBC-Awaaz has actually reported pointing out resources.
After the statement, the DA will certainly raise from 50 percent to 53 percent of the standard pay.
After the 3% DA trek, income of the entry-level main public servant, that has a standard income of about Rs 18,000 monthly, will certainly raise in the series of Rs 540 monthly, efficient from July 1, 2024.
On September 30, the Confederation of Central Government Employees and Workers created a letter to Finance Minister Nirmala Sitharaman revealing problems over a hold-up in the DA/DR walking statement.
In the letter, the confederation’s basic assistant S B Yadav claimed, “There is discontent among employees and pensioners due to the delay in the announcement of DA/ DR.”
The letter included that Durga Puja celebration is coming close to and the PLB (performance-linked perk) and adhoc perk also are to be stated.
DA is provided to civil servant, while DR is provided to pensioners. DA and DR are treked two times a year– January andJuly Currently, over one crore main civil servant and pensioners are obtaining a 50 percent dearness allocation.
In the last walking in March 2024, the main federal government had actually elevated dearness allocation by 4 percent to 50 percent of the standard pay. The federal government additionally boosted dearness alleviation (DR) by 4 percent.
How Does Govt Decide on the DA Hike?
The DA and DR trek is chosen based upon the percent boost in 12 month-to-month standard of the All India Consumer Price Index (AICPI) through finishing June 2022. Though the main federal government changes the allocations on January 1 and July 1 annually, the choice is typically revealed in March and September.
In 2006, the main federal government had actually changed the formula to compute the DA and DR for main civil servant and pensioners.
Dearness Allowance Percentage = ((Average of All-India Consumer Price Index (Base Year 2001= 100) for the previous twelve month -115.76)/ 115.76) x100.
For Central public field staff members: Dearness Allowance Percentage = ((Average of All-India Consumer Price Index (Base Year 2001= 100) for the previous 3 months -126.33)/ 126.33) x100.
