7th Pay Commission: Central Govt Employees to Receive 3% DA Hike Ahead of Dussehra? Check Details Here

New Delhi, September 15: There’s good news for central government employees and pensioners, as the long-awaited Dearness Allowance (DA) hike from July 2024 is set to be implemented soon on 7th pay commission recommendations. According to reports, the government will announce the DA hike by the end of September, ahead of the Dussehra festival. The increase is expected to be 3%, based on the All India Consumer Price Index for Industrial Workers (AICPI-IW) data from January to June 2024.

The AICPI index rose by 1.5 points in June, taking the score from 139.9 in May to 141.4 in June. This increase has resulted in a 3% hike in dearness allowance, bringing it to 53%. As per the 7th Pay Commission, central employees are currently receiving a DA of 50%, and this will increase to 53% starting from July 2024. The payment for the intervening months—July, August, and September—will be issued as arrears. 7th Pay Commission: Good News for Central Govt Employees As 4% DA Hike Likely on Cards, Check Details Here.

The formal announcement regarding the DA hike is anticipated during the cabinet meeting scheduled for September 25, as it has been included in the agenda. Employees will likely receive the updated DA along with their October salary, along with arrears for the past three months. The dearness allowance increase will directly benefit central employees and pensioners. 7th Pay Commission: DA Likely to Be Hiked by 3% For Central Govt Employees and Pensioners, Know How Much Salary Will Increase.

This marks another significant step under the 7th Pay Commission, with DA now exceeding the 50% threshold, and further calculations expected to continue beyond this point in future DA revisions.

(The above story first appeared on LatestLY on Sep 15, 2024 02:59 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).