7th pay commission: There is good news for central employees. The AICPI index number for November 2024 has come. There has been no change in it. But still, there is good news for the employees. It has been confirmed that the employees will get a new dearness allowance (DA Hike) at the rate of 56 percent. Actually, till October 2024, the DA score was 55.05%, but in the November figures, it has increased to 55.54%. Now we have to wait for January 31, 2025, when the AICPI index number will be released for December. Only after this, the final number will be decided. However, now a dearness allowance of more than 56 percent seems impossible. Overall, it is almost certain that the DA of the employees will increase by only 3 percent. AICPI Index November 2024 Update
The AICPI (All India Consumer Price Index) index of November 2024 remained at 144.5 points, which was also at 144.5 points in October. However, there has been a jump of about 0.49 percent in the score of dearness allowance (DA). In October 2024, the total DA score on the index number was 55.05%, while in November 2024 the DA score reached 55.54%. Central employees as well as pensioners will get the benefit of this jump. Now the December 2024 index is awaited which will decide the final score.
56% has been confirmed
Dearness allowance is calculated based on the average AICPI index of the last 6 months (July-December). But, 56 percent of the dearness allowance is being considered fixed. Because, based on numbers till November, dearness allowance has become 55.54 percent, in this situation the government will consider it as 56 percent because the number before 0.50 is rounded off from the downward calculation and the number above is rounded off from the upward calculation. Therefore, 56 percent is certain.
Will DA be more than 56%?
Looking at the current trends, it seems that there will be an increase of only 3 percent in dearness allowance. Because the index is at 144.5 points till November. Even if there is a direct increase of 1 point, then also the total score of dearness allowance will reach only 56.16%. In this situation also, the dearness allowance of the employees will be 56 percent only.
What will be the effect of 56% DA on salary?
Example
Basic Pay: ₹18,000
53% DA: ₹9,540
56% DA: ₹10,080
Benefit: ₹540 per month
Basic Pay: ₹56,100
53% DA: ₹29,733
56% DA: ₹31,416
Benefit: ₹1,683 per month
The rate of DA remains the same for pensioners as well. Which is increased to their existing pension.
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What is the benefit of DA?
Relief in facing inflation: DA compensates for inflation.
Improvement in the salary of government employees: This increases the disposable income of employees.
The benefit to pensioners: Implementation of DA on pension also helps in old age.
The burden on the government treasury: The DA hike has a direct impact on the government treasury.
DA will be implemented from January 1, 2025
After the figures of dearness allowance are released, it will be implemented from January 1, 2025. However, it will be announced in March. Usually the government announces it around Holi. At present, dearness allowance is being given at the rate of 53 percent from July 1, 2024. After cabinet approval, the Finance Ministry notifies it.
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