7th Pay Commission: After the data of the AICPI index for the month of May, it has become clear that there is going to be a bumper increase in the DA of central employees. Although the June figure is yet to come, if it remains 130 or more, then a 6 percent increase in DA is certain.
7th Pay Commission: If you or any member of your family is a Central Government employee, then this news is going to make you happy. Yes, once again great news has come for the central employees. There is going to be a bumper hike in dearness allowance in the month of July. It is clear from the data of the AICPI Index for the month of May that this time DA Hike will win your heart.
Big jump in AICPI index numbers
After February, it is expected that there will be an increase in DA by at least 6 percent in July. After April, there has been a big jump in the numbers of the AICPI index for May. This time it has increased by 1.3 points to 129 points. Now only June’s figure is yet to come. If the AICPI reaches the level of the index in June, then the DA is set to rise by 6 percent.
The AICPI index rose sharply after February. In
The figure for the AICPI index was 125.1 in January 2022, which had come down to 125 in February. After the figures for February came, there was a stir among the central employees. This figure was not expected to increase his DA. But after that, this figure increased rapidly and now with its reaching 129 points in May, the way has been cleared for an increase in DA.
How did the AICPI index rise?
Earlier it had increased by 1 point in March to 126 points as compared to February. After that, it grew by 1.7 points in April, reaching 127.7. Similarly, now it has increased again in May and this figure has increased by 1.3 points to 129. Now it is expected to cross the 130 mark in June. In such a situation, 6 percent DA is sure to increase.
How much will be DA
If DA is increased by 6 percent, then it will become 40 percent. At present, 34 percent dearness allowance is being given by the government to the central employees. With DA being 40 percent, there will be a big jump in salary. Let’s see how much will the minimum and maximum basic salary increase from 6 percent DA?
Calculation of Minimum Basic Wage
1. Basic Pay of Employee 18,000
2. New Dearness Allowance (40%) Rs.7,200/month
3. Dearness Allowance till date (34%) Rs.6120/month
4. How much increased dearness allowance 7200-6120 = Rs.1080/month
5. Salary increase: 1080 X 12 = Rs. 12,960
Calculation on maximum basic pay
1. Basic pay of the employee is Rs 56,900
2. New Dearness Allowance (40%) Rs. 22,760/month
3. Dearness Allowance till date (34%) Rs 19,346/month
4. How much did the dearness allowance increase by 22,760-19,346?
5. Salary increase 3,414 X 12 = Rs 40,968
Labor Ministry released figures
The dearness allowance for central employees is estimated on the basis of the AICPI index. The Labor Ministry has released the All India Consumer Price Index (AICPI) data. For 88 centers and the entire nation, the index has been created. Every month on the last working day, AICPI is made available. The latest figures have been released on June 30.
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