Know this information if you work for the federal government or if someone in your family holds a government position. The Central Government is anticipated to declare the DA/DR for the month of July for the employees and pensioners in the month of September. However, a significant update about the DA that will take effect in January of next year will be released in two days. Yes, on August 31st, the Labour Ministry will release the AICPI Index for the month of July. After it is published, speculation about the DA raise that will take place in January will start.
Beginning on July 1, benefits of enhanced DA will be available
Let us inform you that the government announces DA hikes twice a year. In accordance with the first DA hike, employees’ dearness allowances increased in January. According to the second raise, employees will begin receiving the higher DA hike on July 1. However, they are announced two to three months too late on both occasions. For instance, if the government declares a DA/DR increase in September, it will take effect on July 1.
To reach 45 percent, DA is anticipated to rise
AICPI index data are used to determine the amount of the dearness allowance. From January to June, the AICPI index, which is the foundation for calculating the dearness allowance, showed a rise of more than 3 points. However, since the government does not take the decimal point into account, it is anticipated that this time the DA would rise by 3%, moving from 42 to 45 percent. The employees have, however, asked for a 4% rise in the dearness allowance. Employees will begin receiving the additional allowance on July 1.
The HRA will increase dramatically
Additionally, a rise in HRA at DA time is given under the Seventh Pay Commission. When the dearness allowance reaches 50%, there will be a rise in this, nevertheless. There are still at least six months left. Currently, HRA is separated according to the kind of city. Named X, Y, and Z. HRA will be increased for central employees residing in city X. They will receive less HRA than employees who reside in Y and Z cities. The city states that HRA is accessible at 27 percent, 18 percent, and 9 percent.
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