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6 % DA hike confirmed for THIS day?

By FnF Correspondent | PUBLISHED: 07, Jul 2022, 17:11 pm IST | UPDATED: 07, Jul 2022, 17:31 pm IST

6 % DA hike confirmed for THIS day? New Delhi: 7th Pay Commission Latest update-- Lakhs of central government employees waiting for announcement on hike in Dearness Allowance (DA) may get a more-than-expected DA hike by the end of July, as per media reports. The reason behind this brighter hope is the recent All-India CPI-IW data. The AICP Index, crucial factor in determining the DA, for the month of May points at the probability of increase in the DA of the central government. Government may bring in some more good news for the employees in the month of July.

Now, if latest media reports are to be believed, there could be a six percent hike in July. This means the total DA could reach upo 40 percent. As per several media reports, the government could announce DA hike on July 31. These are early speculations only, and employees will have to wait for official word on the same.

Theis revised twice a year. The first is given from January to June, while the second comes from July to December.

The All-India CPI-IW for April, 2022 increased by 1.7 points and stood at 127.7 (one hundred twenty seven point seven). On 1-month percentage change, it increased by 1.35 per cent with respect to previous month compared to an increase of 0.42 per cent recorded between corresponding months a year ago, showed a Ministry of Labour & Employment data. As per latest ministry reports, the AICPI figures for May is at 129, which is hinting at certainity that the DA would be higher than expected, i.e 6 percent, several media websites are saying.

The first increase in dearness allowance for the year 2022 was announced in March. In December 2021, the AICPI figure stood at 125.4. But, in January 2022, it declined by 0.3 points and fell to 125.1. The All-India CPI-IW for February, 2022 decreased by 0.1 points and stood at 125.0 (one hundred twenty five). On 1-month percentage change, it decreased by 0.08 per cent with respect to previous month compared to increase of 0.68 per cent recorded between corresponding months a year ago. For the month of March, there was a jump of 1 point. The AICPI index figures for March stands at 126.

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