7 Pay Commission Latest News 11th September: Know Here
7 Pay Commission Latest News 11th September: Know HereDate of the 7th Pay Commission Dearness Allowance Hike Latest News: Central government employees and pensioners are eagerly awaiting……the government’s announcement of the Dearness Allowance (DA) and Dearness Relief (DR) hike. The Union Cabinet will decide on this matter at a meeting that is being presided over by the Prime Minister. The meeting is scheduled for later this month, around the time of Navratra. However, there is no official statement regarding the anticipated day that the decision to raise the DA/DR would be made.DA/DR increases are typically reported in March and September. Central Government Employees anticipate receiving the DA raise ……announcement notification this month since September is well underway and the festival season is just around the corner.An announcement regarding the DA raise could be made on September 28, 2022, the third day of Navratra, following a meeting of the Union Cabinet.The government is anticipated to raise the DA rate from the present rate of 34% to 38%. Pensioners should likewise anticipate a similar increase in the DR rate.DA/DR rates are often revised by the government every six months. This is done to make up for the decrease in value of the monthly pay and retirement assets brought on by inflation. Employees of the Central Government and pensioners benefit from the DA/DR rate, respectively.Currently, the DA is controlled and set based on the rate of inflation as reported by the Labour Bureau’s All India Consumer Price Index for Industrial Workers (CPI-IW).