7th Pay Commission: DA hike in July for Central govt employees likely? Know how much raise you will get

Now that the first increase in dearness allowance for the year 2022 has been announced in March, new reports are stating that the next revision in July is likely due to the increase in the AICP Index.

New Delhi: 7th Pay Commission Latest update-- Government employees may be in for some more good news in the month of July or August. The government might announce another round of hike in the Dearness Allowance (DA), thus giving another reason to central government employees to rejoice, media reports have said.

The Dearness Allowance of central government employees is revised twice a year. The first is given from January to June, while the second comes from July to December. Now that the first increase in dearness allowance for the year 2022 has been announced in March, new reports are stating that the next revision in July is likely due to the increase in the AICP Index.

In December 2021, the AICPI figure stood at 125.4. But, in January 2022, it declined by 0.3 points and fell to 125.1. The All-India CPI-IW for February, 2022 decreased by 0.1 points and stood at 125.0 (one hundred twenty five). On 1-month percentage change, it decreased by 0.08 per cent with respect to previous month compared to increase of 0.68 per cent recorded between corresponding months a year ago. For the month of March, there was a jump of 1 point. The AICPI index figures for March stands at 126.

How much DA is likely to be hiked in July?

If reports are to be believed, there could be a further four percent hike in DA. This means the total DA could reach upo 38 percent.