7th Pay Commission latest news: Central government employees can rejoice as the much awaited Dearness Allowance (DA) hike has now been decided. After months of analysis, reports and speculations, a 4 percent DA hike has been decided for employees under the Central government.
The hike takes the DA figure to 38 percent. The decision for 4 percent DA hike has been made, as per a latest report from DNA affiliate Zee Business. The official update on the date of announcement and other details is awaited.
A 4% DA hike looked increasingly likely after the release of the All India Consumer Price Index- Industrial Workers data, the parameter on the basis of which DA revision is done. The index stood at 129.2 in June with an increase of 0.2 points.
DA hike: When will it arrive and how will it change the salary for central government employees?
The increased payout as per the new DA figure is likely to arrive in the bank accounts of employees next month, it was reported. The move by the Centre will benefit over 1 crore central government employees and pensioners.
The new DA will be paid with the September 2022 salaries and it will be applicable from July 1, 2022. Latest reports claim that good fortune will come the way of central government employees around Navratri 2022.
READ | DA hike announced in Tripura: All you need to know about salary changes
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