Thursday, 20 September 2012

7% D.A Hike from July 2012 is for Cabinet Decision

7% D.A Hike From July 20127% D.A Hike is under the consideration of Union Cabinet. If sanctioned, the Central Government Employees will get 72% D.A with effect from 01st July, 2012. No doubt this will be a relief for the recent hike in diesel price and other related consumables. The benefit of new D.A will be for around 50 Lakh Central Government employees and around 30 Lakh pensioners. When the Dearness Allowance increases the Dearness relief to pensioners also will be increased proportionately.

The Calculation of Dearness Allowance is as per the changes of AICPIN (IW) (All India Consumer Price Index Number for Industrial Workers. See how the calculation is made.

Recently all central government employees got Annual Increment which is on 01st July, 2012 and now they are getting additional Dearness Allowance with effect from July, 2012. And now this is double bonanza for them. But this happens every year, because the 6th Central Pay Commission recommended giving annual increment on July every year. The Dearness Allowance is declared twice every year from January and July.

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