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7th Pay Commission Latest Updates: Union Cabinet Clears 4% Hike In DA For Govt Employees
7th Pay Commission Live Updates: The Union government on Friday raised dearness allowance for its over one crore employees by 4%.
7th Pay Commission Latest Updates: Bringing cheers to lakhs of employees, the Union Cabinet on Friday hiked dearness allowance (DA) and dearness relief (DR) by 4 per cent with retrospective effect from January 1, 2023. The bonanza has benefitted over 48 lakh Central government employees and 70 lakh pensioners. DA is calculated as per the latest consumer price index for industrial workers. It is revised periodically twice a year and was last revised in September 2022, and was effective retrospectively from July 1, 2022.
7th Pay Commission: Check Latest Updates on DA, Salary Hike
Live Updates
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Live updates to this blog have ended.
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Cabinet has today approved the release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 1st January 2023. This will benefit 47.58 lakh employees and 69.76 lakh pensioners: Government of India
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The centre will spend Rs 12,815 to fund the hike in dearness allowance. The DA hike has been applied retrospectively from Jan 1, 2023. The DA has been hiked from 38% to 42%.
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Cabinet clears 4% hike in dearness allowance for central government employees
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Last DA Hike Updates
Last time, DA was hiked on September 28, 2022 which was effective from July 1, 2022.
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DA Hike During Holi Festival
Earlier reports suggested that the DA hike may be announced during Holi Festival which was on March 8.
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Govt Employees Get DA at 38%
Currently, the Central government employees are getting dearness allowance at 38 per cent and it is likely to increase by 4% this time to 42%.
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How is DA Calculated?
The Dearness Allowance for the central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). The Labour Bureau generally releases the CPI-IW data every month.
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Minimum Salary to Increase
According to reports, the government employees’ minimum salary is likely to see an increase from Rs 18,000 to Rs 26,000 after the hike in fitment factor. The DA is also likely to be increased by 4 per cent to 42 per cent.
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Dearness Allowance Revised Twice A Year
The Central government employees must note that the DA and DR are revised twice a year — January and July. DA is given to government employees, while dearness relief is given to pensioners.
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