7th Pay Commission DA Hike: Dearness Allowance Should Be Increased Only By 4 Percent, Know When
7th Pay Commission DA Hike: If you look at the figures, there has been a jump of 4 percent in the dearness allowance. But, in July, Retail Inflation (CPI) has reached the highest level of 15 months. In such a situation, it is being claimed that the government can increase the dearness allowance by 3 percent.
7th Pay Commission DA Hike: There is good news for central employees. Now they will not have to wait long for their increased dearness allowance. The increased dearness allowance (DA Hike) for July 2023 may be announced soon. However, till now there is no clear information on this from the government, nor has any date been fixed. But, it is discussed that this time the wait will not be long. Let us tell you, the central government revises the dearness allowance twice a year. The first is for January and the second is applicable from July. The DA increase for July 2023 is calculated on the basis of AICPI index data from January to June 2023.
Don’t have to wait till October
There was talk of payment of dearness allowance to be implemented from July 2023 in October. But, now it is discussed that it can be announced only in the month of September. The cabinet can take its decision by the end of September. If you look at the figures, there has been a jump of 4 per cent in the dearness allowance. But, in July, Retail Inflation (CPI) has reached the highest level of 15 months. In such a situation, it is being claimed that the government can increase the dearness allowance by 3 percent. With this DA will increase to 45 percent. But, these arguments are beyond the understanding of experts.
Experts believe that dearness allowance is given only in lieu of inflation. When inflation is increasing, then dearness allowance should be more. In such a situation, if it is being claimed that the government will give less dearness allowance, then it is baseless. There seems little chance of this happening. Dearness Allowance for central employees and pensioners is calculated from AICPI (IW) figures. It is issued by the Labor Bureau at the end of every month.
Which way is the figure pointing?
According to AICPI (IW), the June 2023 figure for July 2023 had reached 136.4 points. In May 2023, this number was at 134.7 points. If you calculate dearness allowance on this, then dearness allowance becomes 46.24 percent. In this case the DA should be 46 per cent. In this way, a jump of 4 percent is visible in it. Let me tell you, a few days ago Shiv Gopal Mishra, General Secretary of All India Railwaymen’s Federation had issued a statement that we are demanding four per cent in dearness allowance. An increase of more than 3 percent is visible. But, the government does not look at the point after the decimal. That’s why dearness allowance can reach 45 percent. Ever since Mishra’s statement, there is confusion whether the figure is correct or there will be an increase of only 3 percent in reality.
Decision will be taken after cabinet approval
The Expenditure Department of the Finance Ministry will send a proposal with the financial burden arising from the increase in dearness allowance. This proposal will be placed in the cabinet. There will be an announcement on DA Hike only after getting approval from the cabinet. In the current system, above one crore central employees and pensioners are getting 42 per cent dearness allowance under the 7th Pay Commission. DA is given to central employees and DR to pensioners. Earlier in March 2023, dearness allowance was increased by 4 percent to 42 percent. This is applicable from 1 January 2023.