Page 5 - Base Year News Today

7th Pay Commission: After the 4 per cent hike, the employee whose basic salary is Rs 15,000 will get Rs 6,900 per month as DA now, which is Rs 600 higher as compared with Rs 6,300 earlier

7th Pay Commission: If the DA is hiked by 4%, it will lead to a massive salary hike for the Central government employees and there will be a potential increase in the current DA from 42% to 46%.

7th Pay Commission: As per the formula for DA calculation based on the latest Consumer Price Index for Industrial Workers (CPI-IW), a 4 per cent hike is likely for central government employees

7th Pay Commission: Though earlier reports suggested a 3 per cent DA hike, the number might increase

Last month, All India Railwaymen Federation General Secretary Shiva Gopal Mishra told PTI that the Federation is demanding a four percentage point hike in dearness allowance.

According to the sources, the government is mulling to announce the hike in DA by the end of this month or before Navratri.

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is (-) 0.52% (Provisional) for the month of August, 2023 (over August, 2022) against (-) 1.36% recorded in July, 2023. The negative rate of inflation in August, 2023 i

The DA hike, which will be effective from July 1, 2023, is expected to be 3 per cent, according to media reports. After the increase, the dearness allowance will reach 45 per cent.

7th Pay Commission: The DA hike, which will be effective from July 1, 2023, is expected to be 3 per cent, according to reports

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