7th Pay commission new update: Biggest update on the new year’s DA hike, will increase by such a percentage
AICPI Index: The Central Government has released the figures of the AICPI Index for August. It has increased by 0.3 points compared to July. In July this figure was 129.9, which has now increased to 130.2.
7th Pay Commission DA Hike: If you are a member of your household central employee, then this news will definitely make you happy. On September 28, the government has announced an increase of 4 percent in the DA of the employees. Along with this, the employees have got the second good news in a week. Yes, the way for the DA hike to be held in January next year has been cleared for the employees. The figures of the AICPI Index for August have been released by the Labor Ministry.
The figure was at 129.9 in July
The figures for August have increased by 0.3 points as compared to July. The figure for July had increased by 0.7 points as compared to June earlier. In July this figure came to 129.9, which has increased from 130 to 130.2 in August. With this increase, the way has been cleared for the DA hike to be held in January on the new year for 65 lakh employees.
Dearness Allowance increased by 4 percent in July 2022
Let us tell you that the dearness allowance is increased every six months by the central government. How much this increase will be, it depends on the data of the AICPI index. The dearness allowance for July 2022 has been announced by the government, now the increase in dearness allowance for January 2023 will be announced by March. Looking at the data for July and August, there is a possibility of increasing DA by 4 percent again.
How much will the DA increase
The percentage of increase in dearness allowance is expected to once again reach 4 in January. At present, the dearness allowance of central employees is 38 percent, which is expected to increase to 42 percent in January. After this increase, there will be a significant increase in the salary of the employees.
Who releases the figures?
Dearness allowance for central employees is estimated on the basis of AICPI index only. The figures of All India Consumer Price Index (AICPI) are released by the Labor Ministry. The index has been prepared for 88 centers and for the entire country. AICPI is released on the last working day of every month.