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Monday, May 23, 2022

Salary Hike: Central employees will have to wait for increment gifts, know how much increase in DA is possible

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DA Update: Central government employees can get a big gift soon. In fact, according to the news, in view of the rising inflation in the country, it is being speculated that in the month of July or August, the government is planning to increase the dearness allowance (DA). If this happens, a tremendous increase in the salary of central employees is possible.

According to the data, the effect of this decision of the central government will be 47 lakh employees and 68 lakh pensioners. In the midst of rising inflation, the allowance will be a relief. 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.

Based on this amendment

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 crossed the target set by the government. The rate of retail inflation had risen to 6.95 per cent from 6.1 per cent in March, while it is expected to reach 7.5 per cent in April. This will be an 18-month high.

4 percent increase possible

Retail inflation data for April is expected to be released on May 12. According to the news, in view of the speed with which the inflation is increasing, the government can take a big decision to give relief to the employees soon. It is estimated that in July, employees can be given an increase of up to four percent DA.

Let us tell you that recently the DA of central employees was increased by three percent, which has now increased to 34 percent. The Central Government had increased the ‘DA’ of its personnel at the end of March 2022. The new rates are applicable from January 1, 2022.

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