As per latest data and reports, the Centre is likely to announce a 3 percent hike in the DA figure which currently stands at 42 percent.
7th Pay Commission latest news: Lakhs of central government employees are eagerly awaiting the next round of Dearness Allowance (DA) hike. As per latest data and reports, the Centre is likely to announce a 3 percent hike in the DA figure which currently stands at 42 percent.
Retail inflation in the country hit a 15-month-high level in July, after which employees’ side has been expecting a 3 percent hike. Such an announcement by the Centre will take the DA for central employees to 45 percent.
While there is no official confirmation regarding the date for the DA and DR announcement, latest reports suggest the good news could come in September for central government employees and pensioners. Once announced, the DA hike will be effective from July 1, 2023.
“The CPI-IW for June 2023 was released on July 31, 2023. We are demanding a four…