Mumbai, January 18: With the Union Budget 2023 hardly a few days away, the Narendra Modi-led government is expected to take key decisions on DA arrears, Fitment Factor and HRA raise among others. But the most of them is the dearness allowance hike for central government employees under 7th pay commission.

The Centre is likely to take a decision on DA hike soon as the last dearness allowance was announced last year in September. Every year, the dearness allowance is hiked twice - first in January and then in July. The Centre raised the DA by percent in September 2022 thereby taking the DA hike to 38 percent from 34 percent. 7th Pay Commission Latest News: Salary Hike for Central Govt Employees Likely After Budget 2023 As Centre May Raise Minimum Pay.

A report in Zee News stated that a decision regarding next DA hike could be taken post January 31 when the Labor Ministry comes out with the All India Consumer Price Index (AICPI) figures. Meanwhile, another report by Zee News said that the salary of Central government employees is likely to increase by Rs 90,000. Wonder how, lets find out.

Various media reports suggest that the next DA hike could be announced before Holi in March 2023, which is about less than two months from now. If reports are to be believed, the Central government employees could receive a 3 percent to 5 percent raise in DA. If a 3 percent DA hike is approved then the salary of a government employee is also likely to increase. 7th Pay Commission Latest News Today: Decision on DA Hike Likely on January 31, Increase of 3% Expected.

If an employee's basic salary is Rs 25,000 then according to the 3 percent hike, the salary will increase by Rs 750 while the gross salary will raise by Rs 9000 annually. Similarly, the salary of Cabinet Secretary level officers is likely to be raised by Rs 7,500 per month i.e. Rs 90,000 per annum.

(The above story first appeared on LatestLY on Jan 18, 2023 03:29 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).