7th Pay Commission: The government is likely to announce a four per cent hike in dearness allowance (DA) for central government employees next month, i.e. in March 2024, according to various media reports. The dearness allowance for employees and pensioners is worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month.
The increase in DA will be in accordance with the accepted formula, based on the recommendations of the 7th Central Pay Commission. In October 2023, the government had last increased the DA for central government employees and Dearness Relief for pensioners by four per cent. With that four per cent hike, the DA was increased from 42 per cent to 46 per cent. The decision benefitted 48.67 lakh central government employees and 67.95 lakh pensioners.
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Published: 24 Feb 2024, 05:13 PM IST