Mumbai, December 15: According to various reports, Central government employees who are eagerly waiting to hear good news might receive DA hike soon. Reports suggest that central government employees under the 7th Pay Commission are likely receive a hike in their dearness allowance (DA) by March 2023.

Besides DA hike, the Centre is also likely to increase the dearness relief (DR) for pensioners. Reports also suggest that central government employees may also receive the long pending 18-month DA arrears too. It must be note that Dearness allowance (DA) and dearness relief (DR) are revised twice a year - first in January and then in July. 7th Pay Commission: Confirmed! Central Government Employees to Not Get DA Arrears, Check Centre's Response Here.

The last DA hike, which was announced in September 2022 benefitted about 48 lakh central government employees and 68 lakh pensioners. In September 2022, the Centre raised DA 4 percent thus taking it to 38 percent. Before this, Central government employees were receiving 34 percent DA which was raised by 3 percent in March 2022 under the 7th Pay Commission.

As per various reports and going by the Centre's trend on DA hike this year, government employees are likely to receive DA hike in March 2023, which is about three months from now. Multiple media reports also said that central government employees are most likely to receive 3 to 5 percent DA hike in March 2023. 7th Pay Commission: Good News Likely for Central Govt Employees, Centre May Soon Take Final Call on Fitment Factor Hike and DA Arrears.

However, the DA hike will be decided on the inflation rate and the recommendations of the 7th CPC. If the rate of inflation is high, then there are chances that the DA will be hiked more. Back in 2006, the Centre had amended the formula to calculate the DA and DR of central government employees and pensioners.

(The above story first appeared on LatestLY on Dec 15, 2022 02:35 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).