7th CPC DA Hike will announce today for central government employees and pensioners
Expected DA July 2019
As per 7th CPC recommendation, DA is expected to be 5% which is pending since July 2019. There is a chance to get announcement with in one or two days if so, employees would get arrears of three month or else it will be in next month probably. The much speculated 5% hike in DA may now come through as early possible.
As Festival season is so closer, but the government delaying the announcement of DA hike. we may expect at anytime as soon as possible and employees look forward the festival bonus from the government
Dearness Allowance(DA) is depending on the cost of living adjustment allowance paid to government employees and pensioners.
DA is important not only for the central government employees but for the state Government employees also. Normally it will be announced during September and released on October. Now Employees want to know the clarity about DA hike. The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.
All Central Government employees and Pensioners including Defence and Railways expecting the announcement of additional Dearness allowance due from July 2019.
DA and DR from July 2019: 5% + 12% = 17%
In regular practice, DA announcement will be in the month of March and September. The 2nd installment of additional DA from July 2019 may be declared today!
Cabinet approval on DA
All pre procedures are completed from the department side and finally Cabinet Cabinet will decide on the agenda item of hike in Dearness Allowance for Central Government employees and pensioners due from July 2019.
Usually, DA hike will be declared after Cabinet Committee approval in the first or second week of March and September. After approval of Cabinet Committee, Finance Ministry will issue formal orders for payment of Dearness allowance to all eligible employees with arrears for two months.
Hence, this is last week of September and Centre is likely to declare 5% DA hike today!
Calculation of Additional DA
According to the AICPIN (Consumer Price Index for Industrial Workers Base Year 2001=100) from January to July 2019 published by Labour Bureau, calculation of additional Dearness Allowance will be as follows…
A=Month/Year, B=CPI(IW) BY2001=100, C=12 Months Total, D=12 Months Average, E=App DA %
As per the recommendations of 7th pay commission, additional DA and DR from July 2019 may be enhanced by 5% from the existing rate of 12%.
All are waiting for the good new today !