7th Pay Commission latest news: 4% DA for central government employees in H1-2020?
7th Pay Commission latest news: Narendra Modi Government may announce 4 per cent DA for the Central Government employees.
7th Pay Commission latest news: When the whole world is busy giving farewell to the year 2019 and welcoming the year 2020, central government employees are expecting the Modi government to double their celebrations. They are expecting 4 per cent Dearness Allowance (DA) from the Central Government in January-June 2020. Their speculation in regard to 4 per cent DA hike is based on the 3 points rise in inflation in July-October 2019. According to experts, with this calculation, central government employees' monthly salary will increase anything between Rs 720 to Rs 10,000 per month, depending on the pay drawn at various levels.
The Central Government has announced the inflation data from July 2019 to October 2019 and on the basis of that, speculation has increased about the DA hike for the central government employees - their next DA hike will become due from January 2020. DA is announced twice in a year and its tenure is January to June and July to December every year. The July 2019 to October 2019 inflation data suggests that there is 3 point rise in inflation.
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Commenting on the speculation that the central government employees may get 4 per cent DA and its impact on their salaries, Harishankar Tiwari, former president at AG Brotherhood, which is based at Prayagraj said, "If the AICPI (All India Consumer Price Index) remains at 325 in November and December 2019, then in January 2020 the DA would go above 21 per cent. Currently, the DA rate is 17 per cent only. That's why there is speculation about 4 per cent DA hike for central government employees." Tiwari said that if the 4 per cent DA is announced, the central government employees' monthly salary will shoot up by the above-mentioned amounts.
The Central Government announces DA for its employees in this manner - January to June DA is announced on the basis of rising inflation from July to December in the previous year while July to December DA is announced on the basis of January to June inflation in the same year.
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03:28 PM IST