7th Pay Commission latest news: We are in July and the anticipation around the next round of Dearness Allowance (DA) hike for central government employees is growing. It has been reported that the next round of revisions will bring an increase of up to Rs 40,000 in the salaries of central employees.
The AICPI data has also fuelled speculations of a higher-than-expected DA hike. While initial reports had suggested a 4 percent or a 5 percent hike, the number is now being expected to reach 6 percent. A 6 percent hike will bring the DA figure for central government employees to 40 percent from the current 34 percent.
Big Update! When is the DA hike announcement expected?
Reports suggested that the DA hike announcement may come around the end of July. Some reports had earlier put down the date as July 31, which would bring good news and more money to bank accounts of Central Government Employees in August.
Update: The DA hike may be announced on August 3 after a scheduled cabinet meeting on the day, as per a latest report from Zee Business.
