It is difficult to say whether the 8th Pay Commission will be constituted or not. The central government has clarified that the central employees(Central government employees)The government has no proposal for the constitution of the 8th Pay Commission to increase the pay of But to do damage control, the Modi government can give big gifts to central employees and pensioners. It is believed that the government will soon increase the dearness allowance of central employees in the Union Cabinet meeting on Wednesday(DA Hike)can allow.
It may be mentioned that the central government revises DA and DR twice a year during the months of January and July based on retail inflation data. Inflation in the country has gone above RBI’s estimates. Retail inflation has moved above RBI’s tolerance level of 6 percent. In the month of July, the retail inflation rate was 6.71 percent. In the first half of the year 2022 from January to June, the government has increased the dearness allowance. Now the increase in dearness allowance for the month of July to December is awaited. On which it is believed that the government can take a decision at any time.
How much will DA increase?
Earlier it was believed that the dearness allowance would be increased by 4 percent. But after the All India Consumer Price Index data for industrial workers it is expected that the dearness allowance may increase by 5 percent. Looking at the All India Consumer Price Index data, it is estimated that the dearness allowance of central employees may increase by 39 per cent. A huge increase in salary of central employees is possible with increase in dearness allowance. If the dearness allowance of central employees is increased from 34 per cent to 39 per cent, then the salary of those central employees may increase from Rs 8,000 to Rs 27,000.
You will get relief from inflation
According to the information, this decision of the central government will affect 47 lakh employees and 68 lakh pensioners. Generally the trend has been to increase the dearness allowance from 1st January and 1st July. In this situation, central employees can get gift of benefits in the month of July.
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