seventh Pay Commission: Union Cabinet Likely to Approve 3% DA Hike Today

seventh Pay Commission: Central civil servant and pensioners are readied to acquire a Diwali treasure trove from the federal authorities because the Union Cabinet is almost certainly to just accept a 3 p.c strolling in dearness allocation (DA) and dearness alleviation (DR) in its convention on Wednesday, CNBC-Awaaz has truly reported mentioning sources.

After the assertion, the DA will definitely elevate from 50 p.c to 53 p.c of the usual pay.

After the three% DA trek, revenue of the entry-level essential public servant, that has a typical revenue of about Rs 18,000 month-to-month, will definitely elevate within the collection of Rs 540 month-to-month, environment friendly from July 1, 2024.

On September 30, the Confederation of Central Government Employees and Workers created a letter to Finance Minister Nirmala Sitharaman revealing issues over a hold-up within the DA/DR strolling assertion.

In the letter, the confederation’s fundamental assistant S B Yadav claimed, “There is discontent among employees and pensioners due to the delay in the announcement of DA/ DR.”

The letter included that Durga Puja celebration is coming near and the PLB (performance-linked perk) and adhoc perk are also to be acknowledged.

DA is offered to civil servant, whereas DR is offered to pensioners. DA and DR are treked two instances a yr– January andJuly Currently, over one crore essential civil servant and pensioners are acquiring a 50 p.c dearness allocation.

In the final strolling in March 2024, the primary federal authorities had truly elevated dearness allocation by 4 p.c to 50 p.c of the usual pay. The federal authorities moreover boosted dearness alleviation (DR) by 4 p.c.

How Does Govt Decide on the DA Hike?

The DA and DR trek is chosen based mostly upon the p.c enhance in 12 month-to-month customary of the All India Consumer Price Index (AICPI) by way of ending June 2022. Though the primary federal authorities adjustments the allocations on January 1 and July 1 yearly, the selection is usually revealed in March and September.

In 2006, the primary federal authorities had truly modified the components to compute the DA and DR for essential civil servant and pensioners.

Dearness Allowance Percentage = ((Average of All-India Consumer Price Index (Base Year 2001= 100) for the earlier twelve month -115.76)/ 115.76) x100.

For Central public discipline workers members: Dearness Allowance Percentage = ((Average of All-India Consumer Price Index (Base Year 2001= 100) for the earlier 3 months -126.33)/ 126.33) x100.