Central government employees are going to hit the jackpot! good news coming soon!
The price hike for the month of July will be decided and announced on the basis of AICPI Index numbers from january to July.The dearness allowance of central government employees is hiked twice a year, in january and July. Accordingly, the notification about it is going to come out in July.
Central government employees get 50% dearness allowance. It is effective from january 2024. In this case, experts have said that the price may increase by 4-5 percent in July. Due to this, the salaries of central government employees are going to increase. The price hike for the month of July will be decided and announced on the basis of AICPI Index numbers from january to July.
The existing 50 per cent subsidy is being offered from january 2024 onwards. A 4% discount hike was announced in March.The July DA Hike is expected to be announced in August. It is said to be available from september onwards. Then the previous month's balance will also be paid.
AICPI index numbers are not released consecutively to calculate inflation for July. It has released only the numbers for january 2024. Full details are expected to be released soon. As per the recommendation of the 7th Pay Commission, once the dearness allowance reaches 50% it should be reduced to zero and the dearness allowance amount should be added to the basic pay. But this is not mandatory. So, some say that the next time the discount rate goes above 50%, it will be zeroed out.
It is believed that after the new government takes over, the AICPI index numbers will be released and the announcement of the hike in the subsidized rate will be announced. But this is not officially guaranteed.
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