seventh Pay fee: when will next DA hike be introduced
when will next DA hike be introduced and how much can valuable govt personnel expect?
seventh Pay commission: As the new year 2025 approaches, crucial government personnel are eagerly expecting the subsequent round of hikes in dearness allowance (DA) for the January-June cycle.
The Centre revises dearness allowance (DA) and dearness relief (DR) for over 1 crore relevant government employees and pensioners two times a yr - once inside the first half of and once more within the 2nd half of the 12 months.
The DA/DR revision is based totally at the growth within the All india patron rate Index (AICPI) over a 12-month duration. The method for calculating DA is – [(Average AICPI for the past 12 months (Base Year 2001=100) – 115.76) / 115.76] x one hundred.
The AICPI tracks the inflationary tendencies by means of measuring the common fee level of a basket of goods and offerings.
How a whole lot can DA hike imperative govt personnel anticipate for January-June cycle?
As of october 2024, the AICPI rose to a hundred and forty four.5. it's far in all likelihood to upward thrust to a hundred forty five.three as soon as november and december data come, which would bring about a DA growth to 56% in january 2025. currently, the dearness allowance stands at 53%, which changed into hiked in october this yr before Diwali.
whilst will subsequent DA hike be introduced by means of the Centre?
For the very last DA calculation, the Centre will require november and december 2024 facts. The november records is expected by means of january 1st week and december range will are available february 2025, because of this that the next revision can be announced through february stop. past tendencies advocate that the government pronounces DA hikes for each six-month cycles with a two-month lag and gives arrears to employees and pensioners.
On october sixteen, 2024, the Union cabinet authorized a three% hike in Dearness Allowance (DA) for crucial authorities personnel, bringing it to fifty three% from 50%, just in time for Diwali. This choice benefited over 1 crore principal government personnel and pensioners.
earlier, in march 2024, the Centre had announced a 4% increase in DA for the January-June cycle, raising it to 50% of the fundamental pay. That announcement got here ahead of Holi, marking a widespread remedy for employees during the festive season.