7th Pay Commission: Central employees will get good news on the evening of 28 March, new update will come regarding DA Hike

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7th Pay Commission: Central employees will get good news on the evening of 28 March, new update will come regarding DA Hike

7th Pay Commission latest news today: Central employees have already received Holi (Holi 2024) gift. The central government had increased their dearness allowance (DA Hike) by 50 percent. It was implemented from January 1, 2024. Now at the end of March, it will be paid along with the arrears. But, what next? Further calculation has now started. One number has come, another is going to come. New numbers of AICPI index will come on the evening of 28 March. Because, March 29 is Good Friday and then Saturday-Sunday, so the Labor Bureau will release it on March 28 itself. In this, employees will get another new good news. The score of dearness allowance will increase beyond 50 percent. But, how much? Because, if there is 50 percent dearness allowance (DA), then a rule was made to make it zero.  So when will it happen?
Calculation will start from zero
The mathematics of dearness allowance (DA) of central employees is going to change in the year 2024. Actually, the picture of dearness allowance to be implemented from January 1 has become clear. Employees are to get 50 percent DA. From January 2024, central employees will get 50 percent dearness allowance. The rule says that after getting 50 percent dearness allowance, it will be merged in the basic salary and its calculation will start from zero. But, the government has not given any clarification on this yet. Meaning, the calculation of dearness allowance will go beyond 50 percent only. But, when will it be made zero?
New dearness allowance will be implemented from July 1, 2024
The government had made the dearness allowance zero while implementing the 7th Pay Commission in the year 2016.  According to the rules, as soon as the dearness allowance reaches 50 percent, it will be made zero and the money that the employees are getting as allowance according to 50 percent will be added to the basic salary i.e. minimum salary (da merger basic salary). Suppose the basic salary of an employee is Rs 18000, then he will get Rs 9000 of 50 percent DA. But, when the DA is 50 percent, it will be added to the basic salary and the dearness allowance will again be made zero. Meaning the basic salary will be revised to Rs 27,000. However, for this the government may also have to change the fitment.
Why is the dearness allowance becoming zero?
Whenever a new pay scale is implemented, the DA received by the employees is added to the basic salary. Experts say that although the rules state that 100 percent DA received by the employees should be added to the basic salary, but this does not happen. The financial situation comes in the way. However, this was done in the year 2016.  Before that, when the sixth pay scale came in the year 2006, at that time 187 percent DA was being given in the fifth pay scale till December. The entire DA was merged in the basic salary. Therefore, the coefficient of the sixth pay scale was 1.87. Then a new pay band and a new grade pay were also created. But, it took three years to give it.
Will the next revision be 4 percent?
If experts are to be believed, the new dearness allowance will be calculated in July. Because, the government increases dearness allowance only twice a year. Approval has been given for January in March. Now the next revision is to be implemented from July 2024. In such a situation, dearness allowance will be merged only then and it will be calculated from zero. Meaning, the AICPI index of January to June 2024 will decide that dearness allowance is expected to increase by 4 percent. As soon as this situation becomes clear, 50 percent dearness allowance will be added to the basic salary of the employees.
When did this rule start?
 In the year 2006, during the Sixth Pay Commission, the new pay scale was implemented from 1 January 2006, but its notification was issued on 24 March 2009. Due to this delay, DA arrears of 39 to 42 months were paid to the government in three installments in three financial years 2008-09, 2009-10 and 2010-11. A new pay scale was also created. In the fifth pay scale of 8000-13500, 186 percent DA on 8000 was Rs 14500. Therefore, after adding both, the total salary was 22 thousand 880. In the sixth pay scale, its equivalent pay scale was fixed at 15600 -39100 plus 5400 grade pay.  In the sixth pay scale, this salary was fixed at 15600-5400 plus 21000 and on adding 16 percent DA of 2226 on January 1, 2009, the total salary was fixed at Rs 23,226. The recommendations of the fourth pay commission were implemented in 1986, the fifth in 1996 and the sixth in 2006. The recommendations of the seventh commission were implemented in January 2016.

 Cabinet approves 4% increase in dearness allowance of central employees 

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Breaking News Commerce social देश/विदेश लाइफस्टाइल

 Cabinet approves 4% increase in dearness allowance of central employees

 |  Now 50% allowance will be given

 

 

7th Pay Commission DA Hike |  (The Karbhari News Service) – Central employees will now be given dearness allowance at the rate of 50 percent from January 1, 2024.  It has been approved by the Union Cabinet.  It was approved in a special cabinet meeting held on Thursday.

 

 

7th Pay Commission DA Hike : There is good news for central employees.  Increase in dearness allowance has been approved.  The Union Cabinet has approved a 4 percent increase in dearness allowance.  Now employees will get 50% dearness allowance.  This Dearness Allowance will be applicable from January 1, 2024.  It will be credited with salary at the end of March.  A total of two months of arrears will also be added to this.  For the fourth time in a row, inflation allowance has been increased by 4 percent.

 

Rate determined from December AICPI index

 

Central employees will now be paid Dearness Allowance at the rate of 50 percent from January 1, 2024.  This is evident from the December AICPI index data.  However, the index fell by 0.3 points to 138.8 points in December.  But, this did not make a significant difference in the inflation allowance figures.  As expected, the dearness allowance went beyond 50 percent.  Now dearness allowance has increased to 50.28 percent.  But, the government decimal is below 0.50, so only 50 percent will be final.  It is certain that it will increase by four percent.

 

What has changed in AICPI index?

 

When will the benefit of increased DA be available?

 

In the meeting of the Union Cabinet, approval was given to increase the inflation allowance.  Before Holi in March, the government has given a big gift to the employees.  Employees will get this benefit from January 1, 2024.  This means that the new dearness allowance will be applicable from January 1.  Apart from this it is possible to pay it in March salary along with January and February arrears.

 

After 50 percent DA will be 0

 

Central employees will get 50 percent allowance from January 2024.  But, after that the dearness allowance will come to zero.  After this the calculation of inflation allowance will start from 0.  50 percent DA will be added to the basic pay of the employees.  Suppose, if an employee’s minimum basic pay as per his pay band is Rs.18000, then 50 percent of Rs.9000 will be added to his salary.

 

Why will dearness allowance be reduced to zero?

 

Whenever a new pay scale is implemented, the DA received by the employees is added to the basic pay.  According to experts, 100 percent of the DA received by the employees should be added to the basic salary, but that is not possible.  The financial situation becomes difficult.  However, this was done in 2016.  Before that, the sixth pay scale came in 2006, at that time 187 percent allowance was being given in the fifth pay scale till December.  The entire DA was merged with the basic pay.  Therefore, the coefficient of the sixth pay scale was 1.87.  Then new pay bands and new grade pay were also created.  However, it took three years to deliver it.