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7th Pay Commission: New Update For Expected Central Employees

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7th Pay Commission: Finance Minister Nirmala Sitharaman presented the country's interim budget on February 1 last. Nirmala Sitharaman made many important announcements in the budget. There were huge expectations from this budget from almost all sections as Lok Sabha elections are going to be held in the next few months.

Central employees were also expected to get some happiness from the budget. However, that did not happen, and central employees are now waiting for the DA hike. Let us know. When will the additional grant be received?

Announcement expected in March

As per the pattern so far, the increase in dearness allowance will be announced in the first half of the month of March. This increase will happen in the half year from January to June. In such a situation, the increase in allowances for the first half of 2024 is expected to be announced in the month of March.

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There are discussions in the media. That the government can increase the allowance of central employees by four to five percent this time. If this happens. So the dearness allowance of central employees can be 50 percent or 51 percent. The allowance of central employees is currently 46%. The allowance had increased by some eight per cent for both halves of last year. There was an increase of 4 percent to 4 percent in both the halves.

Inflation figures show

All-India CPI-IW fell 0.3 points to 138.8 in December 2023. On the basis of this number, dearness allowance may increase by 4%. Remember that compared to November 2023, there was a decrease of 0.22%, whereas in the same month a year ago, there was a decrease of 0.15%.

Year-on-year inflation stood at 4.91 per cent in December 2023, up from 4.98 per cent last month and 5.50 per cent a year earlier. Similarly, the food inflation rate this month stood at 8.18 percent, compared to 7.95 percent last month, which was 4.10 percent.

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Publish Date: February 05, 2024

Posted By Sunil

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