7th Pay Commission: The central government will announce a DA hike for central employees and pensioners soon. This time, a total increase of 3 per cent in DA is believed to be possible. Everyone has been surprised by the release of the AICPI data for November 2024. The Ministry of Labor has released this data.
The All India CPI-IW data has remained stable at 144.5 points, again indicating a 3 per cent increase in DA. Data from the Ministry of Labor shows that DA will increase to 56 per cent. The increased DA rates will be considered effective from January 2025 .
The government’s attention is now on the December AICPI data. As soon as the December report comes out, the central government will increase the DA, which everyone eagerly awaits. However, nothing has been officially said about the DA hike date yet.
How much will DA increase?
If the AICPI data of the Ministry of Labor is believed to be accurate, DA may increase as before. Anyway, the stable CPI-IW index in November leads to two possible directions for DA revision. If the index decreases by 0.6 points or more for December 2024, the DA rate may fall by one per cent. According to this, DA can remain at 55 per cent. On the other hand, if the index changes by 0.5 points in any direction, then DA is expected to increase to 5per centnt.
Anyway, the central government increases the DA of the employees twice a year. It has two cycles. The first is considered from January to J,une and the second from July to December. In the last cycle, DA increased by per cent. Currently, employees are receiving a 53 per cent DA benefit.
How much will the salary increase?
If the central government increases the DA of employees by 3 per cent in the next revision, then there will be a decent increase in the minimum salary. The minimumwagey of a central government employee is Rs 18,000. If 3% DA is added, an increase of Rs 540 per month is expected. According to this, the annual salary will increase by about Rs 6,500.