7th Pay Commission DA Hike: The new update for central government employees is that the Labor Bureau has not released the AICPI index data for the last two months. In such a situation, it is difficult to calculate how much the next DA hike will be.
7th Pay Commission DA Hike latest News: This is not good news for central employees. It is a big shock. The dearness allowance of the employees will not be zero. The calculation of dearness allowance (DA Hike calculation) will continue. There is no fixed rule regarding this. Last time this was done when the base year was changed. Now there is no need to change the base year and there is no such recommendation either. Therefore, further calculation for central employees will be beyond 50 percent.
If there is no data of AICPI index then how will DA increase?
The new update for central government employees is that the Labor Bureau has not released the AICPI index data for the last two months. In such a situation, it is difficult to calculate how much the next DA hike will be. The data of dearness allowance was not updated in February 2024. Actually, in January 2024, dearness allowance (DA Hike) has reached 50 percent. There was a discussion that after this the dearness allowance will be made zero. However, there is no such rule. This was done only when the base year was changed in the year 2016.
Experts believe that it will not be made zero. The government has also clarified that no such consideration is being made at the moment. In such a situation, it is difficult to say why this discussion is gaining momentum. The Labor Bureau does not have the data of February and March at present. The data for the calculation of dearness allowance is now to be released on May 31. In such a situation, it is being speculated that the calculation of dearness allowance will remain the same.
When will be the next revision in dearness allowance?
The next revision in DA Hike for Central government employees is to be done in July. As per the data of AICPI index till January, the DA number is at 138.9 points. This means that the score of DA has reached 50.84 percent. But, the data of February is still missing from the sheet of Labor Bureau. It was being speculated that the Labor Bureau is making the DA zero, hence the numbers are not being released. But, this is not the case. Actually, the Labor Bureau did not have complete numbers in February and March, due to which there has been a delay in giving the index numbers.
How much can dearness allowance increase?
According to experts, the next update in dearness allowance (DA) can also be of 4 percent. It will be paid at the rate of 54 percent only. There is no possibility of it becoming zero. The DA score determined by the AICPI Index is not updated. According to the current trend, dearness allowance has reached 51 percent. The data of February, March, April, May and June will decide how big the next jump will be. It is expected that there will be another 3 percent jump from the current situation. Meaning it will increase from 51 to 54 percent.
DA increased by 1 percent in figures
If we look at the current situation, January’s number has been released. February’s number was to be released on March 28. But, it has been kept on hold till now. Right now the index is at 138.9 points, while the dearness allowance score has reached 50.84 percent. It is estimated that when the February figure comes, it has crossed 51 percent. After this, the dearness allowance score can go above 51.50 percent in March. It will be final only after the June 2024 AICPI index numbers come out that how much will be the total increase in dearness allowance.
There will be a huge jump in dearness allowance
Under the 7th Pay Commission, the AICPI numbers from January to June 2024 will decide the dearness allowance for central employees. Dearness allowance has reached 50.84 percent. The numbers for 5 months are yet to come. Experts believe that this time too an increase of 4 percent is certain. Then the counting should continue beyond 50 percent. If this happens, the dearness allowance can reach 54 percent.
