Good News for Central Employees – How Much Will Dearness Allowance Increase? Here is the Latest Update!!! There are some reports say that, there is a possibility for the announcement about increasing the dearness allowance of central government employees will be released soon. This means that the central government will soon release the dearness allowance for its employees and pensioners for the month of July, some government sources said.
So far, central government employees have been getting dearness allowance at the rate of 34 per cent. Now the next hike is expected to be between 3 and 6 percent. Meanwhile, the country’s retail inflation fell below 7 percent in July. That means retail inflation is at 6.71 percent. As this is higher than the target set by the Reserve Bank of India (RBI), the government is expected to take a decision on the DA hike soon. On this basis DA is expected to increase by 4 percent this time. Earlier, the AICPI inflation index stood at 129.2 points in June.
If this number continues to increase, DA is expected to rise by up to 4 percent. Now employees have been getting the basic salary of Rs.56,900 will get dearness allowance at the rate of Rs 19,346. If the subsidy is increased to 38 per cent, they will get a total dearness allowance of Rs 21,622. Similarly, employees with a minimum basic salary of Rs.18,000 will get Rs.6120 at the rate of 34 percent dearness allowance. This number will increase by 38 percent to Rs.6840.
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