7th Pay Commission Latest update-
For Central government employees who are waiting for the announcement of the government regarding Dearness Allowance (DA), Navratri may bring positive news.
Navratri Could Bring Good News For Central Govt Employees
According to the reports in the media reports that the major announcement, that everyone has been anticipating, may be made public at Navratri i.e. September 28.
However , no formal announcement about the same has been made as of yet.
If the results are to be believed, it is possible that the Dearness Allowance of employees could be raised by 4 percent.
This could mean an increase in the overall DA could be as high as 38 percent.
A rise of DA this month has been suggested by the CPI-IW of All-India for June.
This is not just a increase, but the employees could also be able to collect arrears during the months of July and August.
Let’s look at the appraisal process for DA. It is the DA component of employees in central government is updated twice in a year.
From January to June one DA is issued. The second DA is given from July until December.
In April 2022, the All-India CPI IW rose by 1.7 points and reached 127.7 (one one hundred and twenty-seven seven seven seven).
According to the figures provided from the Ministry of Labour & Employment The 1-month change in percentage was 1.35 percent compared to the prior month when compared with the increase of 0.42 per cent between the same months in the year before.
In May, the AICPI numbers, as per the most recent ministry reports, stood at 129.
However there is an AICP Index for the month of June suggests certainty that DA will be higher. The AICPI data for June is at 129.
The first rise in the DA for 2022 came out in the month of March. The AICPI value in December 2021 was 125.4.
But, if you examine the same figures in January 2022, the figure dropped by 0.3 points, and then fell to 125.1.
For February, 2022 the All-India CPI-IW declined by 0.1 points and was 125.0 (one hundred twenty-five).
In terms of percentage change over a single month the decrease was 0.08 percent in comparison to the previous month, compared to an growth of 0.68 per cent in the same month a year ago.
For March it was an increase of one point. The AICPI index for March were 126.
To offset the rise in prices To offset the increase in prices, to offset the price increase, Union Cabinet had on March 30 raised Dearness Allowance (DA) as well as Dearness Relief (DR) to 3 percent to 34 percent.
This was a benefit to over 1.16 million central government pensioners and employees.
Beginning January 1st, 2022, this increase will be in line with the accepted formula which is based upon the suggestions from the 7th Central Pay Commission.