PERSONAL FINANCE
7th Pay Commission DA hike update: Earlier reports had suggested that the DA hike announcement may come around the end of July.
7th Pay Commission latest news: We are in July and the anticipation around the next round of Dearness Allowance (DA) hike for central government employees is growing. It has been reported that the next round of revisions will bring an increase of up to Rs 40,000 in the salaries of central employees.
The AICPI data has also fuelled speculations of a higher-than-expected DA hike. While initial reports had suggested a 4 percent or a 5 percent hike, the number is now being expected to reach 6 percent. A 6 percent hike will bring the DA figure for central government employees to 40 percent from the current 34 percent.
Big Update! When is the DA hike announcement expected?
Reports suggested that the DA hike announcement may come around the end of July. Some reports had earlier put down the date as July 31, which would bring good news and more money to bank accounts of Central Government Employees in August.
Update: The DA hike may be announced on August 3 after a scheduled cabinet meeting on the day, as per a latest report from Zee Business.
READ | Retail inflation eases to 7.01% in June 2022, remains above RBI's target band for 6th straight month
How is the AICPI pattern signaling higher DA?
The All-India Consumer Price Index (AICPI) data has been on the rise since February this year. The numbers for May saw a substantial jump of 1.3 points taking AICPI to 129. As per reports, a 6 percent hike will be likely even if the number for June does not register an increase.
Increase in salary that central government employees can expect
A 6 percent hike will bring about a roughly Rs 3,414 hike per month for employees with a basic salary of Rs 56,900. Compared to the DA received currently of Rs 19,346 per month on 34 percent figure, the amount will be Rs 22,760. The total annual increase in salary comes to Rs 40,968.
Similarly, the DA hike for a basic salary of Rs 18,000 will be Rs 1,080 per month, taking the DA amount to Rs 7,200 per month from current Rs 6,120 per month. The total increase in case of a a DA hike of 6 percent will come to Rs 12,960 annually.
SEBI's first reaction on Gautam Adani bribery case, begins inquiry into...
Meet Hyderabad girl who began NEET preparation in class 7, scored 99.9 percentile, secured AIR...
Badshah breaks his silence on dating rumours with Pakistani star Hania Aamir: ‘We have a lot of…’
Delhi pollution: Air quality deteriorates to 'severe' category in Delhi-NCR; AQI at 419
'I think bro is her EX': Man performs risky bike stunt with burqa-clad woman in Bangladesh, watch
Viral video: Little girl's power-packed dance to 'beer song' melts hearts online, watch
Explained: Why India must win the 1st Test against Australia in Perth
Raima Sen mourns Bharat Dev Varma's demise, pens emotional note for 'great father, great husband'
DNA TV Show: Ahead of Maharashtra poll results, MVA, Mahayuti engage in resort politics
Maharashtra: Stage set for assembly poll results; Mahayuti, MVA confident of their victories
All set for vote counting in Jharkhand tomorrow; NDA, JMM-led alliances confident of winning
Watch: Australia star inquires Rishabh Pant about his next IPL team, gets 2-word reply
Shah Rukh Khan’s house Mannat was first offered to his industry rival…, but he refused because...
The Visionary Who Promises a Blue Sky for India: Holger Thorsten Schubart’s G20 Climate Speech
The Surge of High-End Living: Luxury Residential Market to Outpace Other Segments
FeFCon 2024 to be Held in Bangalore: A Premier Event on Fever Management
'That’s wild': Noida man turns cigarette butts into teddy bears in viral video, watch
London Airport evacuates passengers over security threat, thousands stranded
The World’s First Innovative Iron Supplement to Combat Iron Deficiency and Anaemia
Meet grandmother who became fashion icon after trying on her granddaughter’s clothes
IND vs AUS: Rishabh Pant joins Virat Kohli, Rohit Sharma in elite WTC list, becomes 3rd Indian to...
'All scripted drama...': Puneet Superstar allegedly assaulted by influencers in viral video, watch
Actress Ana de Armas caught kissing Cuban President Miguel Díaz-Canel’s son in viral photos
Oreshnik's Shadow: Will Russia's hypersonic missile force west to back down?
‘You’re So Beautiful’: World’s tallest woman meets world’s shortest woman over tea, pics go viral
Delhi-NCR Air Pollution: Consequences of GRAP-4 are drastic, may have adverse effects, says SC
Delhi-NCR Air Pollution: Schools likely to stay closed till..., check city-wise update
Maharashtra: 3 killed, 9 hospitalised after gas leak at fertiliser plant in Sangli
THIS farm is selling a cup of coffee for Rs 28000, but there's a twist, it is...
Chhattisgarh: 10 Maoists killed after encounter with security personnel in Sukma
Mukesh Ambani's SUPERHIT plan for Jio users, offers unlimited 5G access for 1 year for just Rs...
IND vs AUS 1st Test: KL Rahul's dismissal sparks DRS controversy in Perth Test
Dense fog, heavy rain predicted in these states till November 25; check here
Oreshnik Hypersonic Missile: Which nations are within its range?
Bihar teacher, principal reach school in drunken state; know what happened next
'I have faced a lot of...': Arjun Kapoor REVEALS his biggest fear amid break up with Malaika Arora
How millions of Indians may get affected due to US indictment of Gautam Adani in bribery case
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan says 'missing someone is okay but...'
After Bibles, watches and sneakers, Donald Trump is now selling autographed guitars, price is...
Delhi pollution: Air quality improves to ‘very poor’ category, AQI at...
Vladimir Putin's BIG threat, warns he could strike UK with new ballistic missile if...
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here