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7th Pay Commission: CG employees likely to get DA hike this month India Published: Monday, February 8, 2021, 16:13 [IST] New Delhi, Feb 08: An announcement on the dearness allowance hike under the 7th Pay Commission is likely to be made this month. The buzz around the 4 per cent hike in DA has been generated after the announcement of the All India Consumer Price Index. In March 2020, the Union Cabinet chaired by Prime Minister, Narendra Modi had approved to release an additional instalment of DA to the CG employees and Dearness Relief to pensioners with effect from January 1 2020. The Ministry of Finance said that there will be an increase of the Basic Pay/Pension to compensate for the price rise. The impact on the exchequer as a result of the DA and DR was fixed at Rs 12,510.04 crore per annum and Rs 14,595.04 crore in Financial Year 2020-21 (for a period of 14 months from January, 2020 to February, 2021).

New delhiVicky nanjappaNarendra modiVikash aiyappaJitendra singhUnion cabinetPay commissionNational pension schemeAll india consumer pricePrime ministerDearness reliefFinancial yearDisability compensationNew yearConsumer price index7th pay commission