7th Pay Commission latest news: Up to Rs 10,000 monthly salary hike expected by Central Government employees on DA H1-2020 calculation
7th Pay Commission latest news: Depending on the inflation date from July to October 2019, the Modi Government may announce 4 per cent DA for the Central Government employees.
7th Pay Commission latest news: When the whole world is busy giving farewell to the year 2019 and welcoming the year 2020, central government employees are expecting the Modi government to double their celebrations. They are expecting 4 per cent Dearness Allowance (DA) from the Central Government in H1-2020. Their expecation of 4 per cent DA hike is based upon the 3 points rise in inflation in July to October 2019. If the inflation data for November and December 2019 remains in the same range or above then DA for H1-2020 can be in the range of 4 per cent or even higher than 4 per cent.
Salary hike up to Rs 10,000
July to October 2019 inflation
Norms for DA announcement
The calculation behind 4% DA expectation
Commenting on the speculation that the central government employees may get 4 per cent DA and its impact on their salaries, Harishankar Tiwari, former president at AG Brotherhood, which is based at Prayagraj said, "If the AICPI (All India Consumer Price Index) remains at 325 in November and December 2019, then in January 2020 the DA would go above 21 per cent." Photo: Reuters
Current DA status
Tiwari went on to add that currently, the DA rate is 17 per cent only. That's why there is speculation about 4 per cent DA hike for central government employees. He said that if the 4 per cent DA is announced, the a central government employees' monthly salary will shoot up by the above-mentioned amounts. Photo: Reuters