The Indian government is likely to announce the 7th pay commission for employees. After the announcement regarding the 7th Pay Commission, central government employees are getting excited and hoping for a good hike in the dearness allowance (DA). As per the headlines, this 7th pay commission for the year 2024 will come in March 2024. All the details related to the hike are available below what is the expected growth employees can expect this time?
Central government employees are getting excited before the announcement to be made by the government over the DA hike in March 2024. Dearness Allowance (DA) for pensioners will be based on the latest Consumer Price Index for Industrial Workers (CPI-IW).
Previously government hiked the DA for central government government employees in October 2023. After this decision over 48.67 lakh central govt employees benefitted and 67.95 lakh pensioners. There was a four per cent hike in the DA which was 42 per cent to 46 per cent. Earlier, Diwali bonuses for Group C and non-gazetted Group B level officials, including paramilitary forces, were approved by the government.
Most probably the central employees will get the revised DA benefit from the next financial year which is FY25. However, details will come shortly in March 2024 when govt will announce the 7th Pay Commission for the fiscal year 2024-25.
West Bengal CM Mamta Banerjee also announced in December 2023 that her government would increase the percentage of DA to all its employees from New Year’s Day.
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