New Delhi, October 4: Central government employees are eagerly awaiting a possible Dearness Allowance (DA) hike ahead of Diwali on 7th pay commission recommendations, with current rates standing at 50% of basic pay following a 4% increase announced in March 2024.

Reports indicate that the government may raise the DA by an additional 3-4% during its biannual review process, typically held in January and July. 7th Pay Commission: Central Government Employees Likely To Get DA Hike Ahead of Diwali 2024, Say Reports.

This potential increase comes amid rising inflation, which remains a significant concern for employees. The DA revision formula on 7th pay commission recommendations, based on the 12-month average of the All India Consumer Price Index (AICPI), aims to keep salary adjustments in line with prevailing economic conditions. Although the exact percentage increase has yet to be confirmed, expectations are high among employees and pensioners seeking financial relief. 7th Pay Commission: How Much Will Salary of Central Govt Employees Increase After DA Hike? Check Details.

Historically, the government reviews the DA in January and July, with announcements made in March and September on recommendations of 7th pay commission. Media reports suggest that this year’s DA hike is expected in October. In addition to the DA, an increase in Dearness Relief (DR) for pensioners is also anticipated, providing much-needed support for retirees.

While discussions surrounding the 8th Pay Commission continue, the government’s immediate focus remains on controlling inflation through measures like DA hikes, with no plans to implement a new pay commission in the near future. The upcoming Diwali celebrations could bring additional financial support to government employees and pensioners, easing some of the burdens caused by inflation.

(The above story first appeared on LatestLY on Oct 04, 2024 12:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).