DA Hike to happen in July? Salaries of central govt employees may rise again; Details here
Zee News
According to reports, the dearness allowance will likely be hiked by another four percent in July, bringing the total to 38 percent.
New Delhi: Government employees should receive good news about their salary soon. According to rumours, the Centre may announce another increase in dearness allowance (DA) in July or August. Based on retail inflation data, the DA and DR are changed twice a year, in January and July.
This week will see the announcement of the April retail inflation rate. Inflation increased to 7% in March, up from 6.1 percent in February. It increased mostly owing to an increase in food items. Inflation in the food basket was 7.68 percent in March, up from 5.85 percent in February.
According to reports, the dearness allowance will likely be hiked by another four percent in July, bringing the total to 38 percent.
The Union Cabinet authorised a 3% rise in dearness allowance (DA) under the 7th Pay Commission in March, bringing the DA to 34% of basic income. This decision benefits nearly 50 lakh government employees and 65 lakh retirees.
"The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the release of an additional instalment of dearness allowance (DA) to central government employees and Dearness Relief (DR) to pensioners w.e.f. January 1, 2022, representing a 3% increase over the existing rate of 31% of basic pay/pension, to compensate for price rises," the Prime Minister's Office said in a statement.
