AICPI Index: Dearness allowance is decided on the basis of the figures of AICPI index. On the basis of AICPI index from January to June, the figure of dearness allowance is running above 3 points.
DA Hike Update: If you are a central government employee or a member of your family is in a government job, then definitely know this update. The DA / DR for the month of July for the employees and pensioners is expected to be announced by the Central Government in the month of September.
But a big update is going to come after two days from today regarding the DA to be implemented in January next year. Yes, the AICPI Index for the month of July will be released by the Labor Ministry on 31 August. After its release, the DA hike to be held in the next i.e. January will begin to be guessed.
Benefit of increased DA will be available from July 1
Let us tell you that DA hike is announced twice a year by the government. According to the first DA hike, the dearness allowance of the employees is increased in January. According to the second hike, the increased DA hike is given to the employees from 1st July.
But both the times they are announced two to three months late. For example, if the government announces DA / DR hike in September, it will be implemented from July 1.
DA is expected to increase to 45 percent.
Dearness allowance is decided on the basis of AICPI index data. On the basis of AICPI index from January to June, the figure of dearness allowance is running above 3 points. But the government does not consider the decimal point, so it is expected that this time the DA will increase by 3 percent and it will increase from 42 to 45 percent.
However, there is a demand from the employees to increase the dearness allowance by 4 percent. The increased allowance will be paid to the employees from July 1.
There will be a bumper jump in HRA also,
under the Seventh Pay Commission, there is bound to be an increase in HRA at the time of DA. However, there will be an increase in this when the dearness allowance will cross 50 percent. It still has at least six months to go. At present, HRA is divided on the basis of the category of cities.
It is named X, Y, Z. Central employee living in X city will get more HRA. Employees living in Y and Z city will get less HRA than them. According to the city, 27 percent, 18 percent and 9 percent HRA is available.
