According to media sources, central government employees who have been eagerly waiting for the announcement of a raise in the Dearness Allowance (DA) may learn the good news by next month. According to recent media sources, the employees' Dearness Allowance might increase by 4%. This suggests that the overall DA could be as high as 38%.
According to media sources, the government might make this announcement in September. Along with this, the government may also start the money transfer process in September. Employees may additionally get arrears for the months of July and August in addition to the increase in the Dearness allowance.
Employees of the central government have their Dearness Allowance updated twice a year. While the second is offered from July to December, the first is offered from January to June.
The government could make this announcement in September, according to media reports. Additionally, the government might start the money transfer process right away in September. Employees may receive arrears in addition to the increase in the Dearness Allowance for the months of July and August.
In March, the first dearness allowance hike for the year 2022 was announced. The AICPI value in December 2021 was 125.4. But it dropped to 125.1 in January 2022, a 0.3-point fall.
In February 2022, the All-India CPI-IW dropped 0.1 points to 125.0. In terms of a 1-month percentage change, it fell by 0.08 percent from the previous month, compared to a gain of 0.68 percent between comparable months a year earlier. There was an increase of 1 point for the month of March. The March AICPI index values were 126.
You may recall that the Union Cabinet increased the Dearness Allowance (DA) and Dearness Relief (DR) on March 30 to account for the price increase, benefiting more than 1.16 crore central government employees and retirees. The increases ranged from 3% to 34%.
The extra payment will start to be due on January 1, 2022. The rise follows the approved formula, which was developed based on the suggestions made by the 7th Central Pay Commission.
