Seventh Pay Commission Update: Good News for Central Employees

Seventh Pay Commission Update: Good News for Central Employees

Seventh Pay Commission Update: Inflation Allowance for Central Government Employees is reviewed twice a year.
Seventh Pay Commission Update: Good News for Central Employees

Seventh Pay Commission Update: Central Government Employees May Get More Good News in July. According to media reports, the government may announce another increase in inflation allowance in the coming months. The inflation allowance for central government employees is revised twice a year. The first is given from January to June while the second comes from July to December. Now that the first increase in the inflation allowance for the year 2022 has been announced in March, new reports suggest that the next revision may be due to the increase in the AICP index in July.

How much is likely to increase in DA in July.

If reports are to be believed, DA could rise another 4%! That is, the total DA can reach 38%. Significantly, the Union Cabinet had on March 30 increased the Inflation Allowance (DA) and Inflation Relief (DR) from 3% to 34%, benefiting 1.16 crore central government employees and pensioners.

DA is expected to increase.

The additional installment is effective January 1, 2022. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. With the recent announcement, hopes for an increase in the next DA have also been raised. This is usually fixed in the month of July. The bad news is that the July DA increase cannot be announced.

AICPI index data important

The AICPI index plays an important role in the decision to review the data DA. The AICPI figure for December 2021 was 125.4. However, in January 2022, it dropped 0.3 points to 125.1. For February 2022, the All India CPI-IW was down 0.1 point at 125.0 (125). On a 1-month change of percentage, it decreased by 0.08% over the previous month, compared to a growth of 0.68% between the same month a year ago. There was a 1 point jump in March. The AICPI index for March is 126.


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