Good news is coming once again for central employees and pensioners. However, for this they will have to wait for two to three months. The dearness allowance and dearness relief of central employees and pensioners are expected to increase by up to 4 percent this time again.
In fact, the All India Consumer Price Index (AICPI) has registered a single digit increase in the data released for March, in such a situation, it is believed that the dearness allowance will increase once again. It is expected that there may be an increase of up to 4 percent in Dearness Allowance (DA) Dearness Relief (DR) of employees in July-August. If this happens, the DA and DR of employees and pensioners will increase from 34 to 38 percent.
Revision happens twice a year in DA
In fact, under the Seventh Pay Commission, there is revision twice in dearness allowance and dearness relief of central employees. The first is given in the month of January and the second in July. On March 30, the government had increased the DA and DR by 3 per cent. After which it increased from 31 to 34 percent.
The purpose of dearness allowance is to improve the living conditions of the employees.
Dearness Allowance is given to improve the living conditions of government employees. It is given to government employees, public sector employees and pensioners. The reason for giving it is that the standard of living of the employees should be maintained even in the rising inflation.
Dearness allowance may increase by 4 percent
If there is a revision in DA and DR in July, then it can again see an increase of 4 per cent. The AICPI index has seen a jump of 1 point in March 2022 after two consecutive months of decline in the data. This is the reason why the hope of increasing DA has woken up. However, the numbers for April, May and June are yet to come, only after which the final decision will be taken.
AICPI index data expected to rise
There was a slight decline in January and February. In January, the data had come down to 125.1, which had come down to 125 in February. Now it has increased to 126 in March. If it increases further in the coming months, then the DA is sure to increase. According to reports, there may be a 4 percent increase in DA again in July. This will benefit more than 50 lakh government employees and 65 lakh pensioners.
Employees with 18000 basic salary will get the benefit of Rs 8640
Similarly, after the dearness allowance becomes 38 percent, employees with 18 thousand basic salary will get DA of Rs 6,840. These employees are currently getting Rs 6,120 at the rate of 34 per cent DA. That is, their monthly salary will increase by Rs 720. In this way, the annual salary will increase by Rs 8,640.
Rs 27312 benefit to those with basic salary of Rs 56,900
On the other hand, the employees whose basic salary is Rs 56,900, they will get Rs 21,622 as DA on getting 38 per cent dearness allowance. At present, according to 34 per cent DA, such employees are getting Rs 19,346, so their monthly salary will increase by Rs 2,276. That is, the annual salary will increase by Rs 27312.
At present, DA is being received at the rate of 34 percent.
In July 2021, the Center increased dearness allowance and dearness relief from 17 per cent to 28 per cent. The central government had stopped DA for almost one and a half years due to the coronavirus pandemic. The DA for central government employees increased to 31 per cent in October 2021 with a further increase of 3 per cent. Now it has been increased from 3 per cent to 34 per cent.