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7th Pay Commission: Today will be a very important day for central employees, there will be rain

7th Pay Commission DA Hike: Lottery of central employees and pensioners may be held today. Today they can be showered with money from the government.

7th Pay Commission DA Hike: There is very good news for central employees and pensioners. More than 1 crore central employees and pensioners will be shocked after reading this news. On Holi, the employees and pensioners did not get gifts from the central government, due to which they are looking dejected. But just two days after Holi, news of great relief has come for them. Money is going to shower on these people soon.

According to the information received from the sources, the government has decided to increase their dearness allowance and dearness relief by 4 percent. After this, the DA of central employees will increase from 38 to 42 percent. However, it has not yet been announced by the government.

Union cabinet meeting today

In fact, today, on March 17, a cabinet meeting is proposed under the leadership of Prime Minister Narendra Modi. After this meeting, the central government can give great news to its employees and pensioners. On this day the Prime Minister can announce the increase in DA and DR.

The increase will be applicable from January 1, 2023 only!

After the announcement of the increase in DA, the Finance Ministry will issue its notification. After the notification is issued by the Ministry of Finance, the increase in the salary of central employees and the pension of pensioners will be implemented. According to the information, if everything goes well, the salary for March will be paid along with the new dearness allowance. While the arrears of January and February will be received. The increased dearness allowance and relief will be applicable from January 1, 2023 itself.

Dearness Allowance will be 38 to 42 percent 

It is worth noting that the central employees (7th Pay Commission) are currently being paid DA at the rate of 38 per cent. If it increases by 4 percent, it will increase to 42 percent. After this, the annual dearness allowance will increase to Rs 90,720 for those with a basic salary of Rs 18,000. Talking about the difference from the existing dearness allowance, the salary will increase by Rs 720 per month and Rs 8640 annually. At the same time, there will be an increase of Rs 2276 per month in the salary of employees with a basic salary of Rs 56900 per month. Means the salary will increase by Rs 27312 on annual basis.

Lakhs of employees and pensioners will be benefited

Let us tell you that lakhs of employees of the country are eagerly waiting for this. This will benefit 65 lakh central employees and 48 lakh pensioners. After this, on July 1, 2023, there will be an increase in the DA of central employees once again.

Announcement is made on the basis of AICPI data

Let us tell you that the increase in Dearness Allowance and Dearness Relief (7th Pay Commission) is announced on the basis of AICPI figures released by the Ministry of Labour. That is, on the basis of AICPI-IW data, allowance is given to the employees by calculating inflation. DA and DR have revision every 6 months. Generally, the dearness allowance for January is announced before Holi in March and that of July is announced before Diwali in September-October.

Announcement is made on Holi and Diwali

The last DA revision was done on 28 September 2022, before Diwali. It was considered applicable from 1 July 2022. Then it was increased by 4 percent. Then the DA was 34 per cent, which was increased to 38 per cent. In this, once again the matter of 4 percent increase is coming to the fore.

Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap has over 3 years of experience in writing finance content, entertainment news, cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @insuranceindiaain@gmail.com
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