seventh Pay Commission: Central civil servant and pensioners are readied to acquire a Diwali treasure trove from the federal authorities because the Union Cabinet is most certainly to just accept a 3 % strolling in dearness allocation (DA) and dearness alleviation (DR) in its convention on Wednesday, CNBC-Awaaz has truly reported declaring assets.
After the assertion, the DA will definitely increase from 50 % to 53 % of the usual pay.
After the three% DA trek, revenue of the entry-level foremost public servant, that has a regular revenue of about Rs 18,000 month-to-month, will definitely increase within the sequence of Rs 540 month-to-month, environment friendly from July 1, 2024.
On September 30, the Confederation of Central Government Employees and Workers created a letter to Finance Minister Nirmala Sitharaman revealing issues over a hold-up within the DA/DR strolling assertion.
In the letter, the confederation’s primary assistant S B Yadav claimed, “There is discontent among employees and pensioners due to the delay in the announcement of DA/ DR.”
The letter included that Durga Puja celebration is coming near and the PLB (performance-linked perk) and adhoc perk are also to be said.
DA is supplied to civil servant, whereas DR is supplied to pensioners. DA and DR are treked two instances a yr– January andJuly Currently, over one crore foremost civil servant and pensioners are acquiring a 50 % dearness allocation.
In the final strolling in March 2024, the principle federal authorities had truly elevated dearness allocation by 4 % to 50 % of the usual pay. The federal authorities moreover boosted dearness alleviation (DR) by 4 %.
How Does Govt Decide on the DA Hike?
The DA and DR trek is chosen based mostly upon the % increase in 12 month-to-month commonplace of the All India Consumer Price Index (AICPI) via ending June 2022. Though the principle federal authorities modifications the allocations on January 1 and July 1 yearly, the selection is often revealed in March and September.
In 2006, the principle federal authorities had truly modified the method to compute the DA and DR for foremost civil servant and pensioners.
Dearness Allowance Percentage = ((Average of All-India Consumer Price Index (Base Year 2001= 100) for the earlier twelve month -115.76)/ 115.76) x100.
For Central public subject employees members: Dearness Allowance Percentage = ((Average of All-India Consumer Price Index (Base Year 2001= 100) for the earlier 3 months -126.33)/ 126.33) x100.
