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Tuesday, July 5, 2022

7th Pay Commission Latest News: Just a few more days are left, the announcement of the biggest increase in dearness allowance is going to happen for the central employees!

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DA Hike Update News: Central government employees are awaiting the increase of the second phase of dearness allowance for this year from July 1, 2022. It is believed that from July 1, 2022, big gifts can be announced for the central employees. In view of rising inflation in the country, EMI getting expensive, the central government is going to make a big increase in dearness allowance of central employees. There can be a big increase in dearness allowance of central employees from July 1, 2022. Earlier it was believed that the dearness allowance would be increased by 4 percent. But after the recent data of All India Consumer Price Index for Industrial Workers, it is expected that dearness allowance can be increased from 4 percent to 5 percent.

At present, central employees get 34 percent dearness allowance. Earlier it was expected to be increased to 38 per cent. But now it is believed that the dearness allowance will be increased by 5 percent. This is being estimated in view of the data of All-India Consumer Price Index for the month of April.

In view of the rising inflation in the country, it is being speculated that in the month of July, the government is planning to increase the Dearness Allowance (DA). If this happens, a tremendous increase in the salary of central employees is possible. If the dearness allowance of central employees is increased from 34 percent to 39 percent, then it can increase the salary of central employees from Rs 8,000 to Rs 27,000.

According to the data, the effect of this decision of the central government will be 47 lakh employees and 68 lakh pensioners. EMI is also getting expensive along with backbreaking inflation, in such a situation, increase in dearness allowance can give a big relief to the central employees. In general, there has been a trend of increasing dearness allowance from January 1 and July 1, in such a situation, in the month of July, central workers can get the gift of happiness.

Let us tell you that the central government revises DA and DR twice a year during the month of January and July on the basis of retail inflation data. Inflation in the country has reached above the estimates of RBI. Retail inflation has gone above the RBI’s tolerance level of 6 per cent. The rate of retail inflation increased to 7.79 percent in April from 6.95 percent in March.

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