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Central government employees news: Central employees have suffered a setback for the third consecutive month. Once again the All India Consumer Price Index (AICPI-IW) numbers have not been released. The numbers to be released on May 31 have been put on hold. The Labor Bureau has not released any numbers since January 2024. This has made it difficult to guess how much the dearness allowance (DA hike) will increase in July 2024? Experts are also surprised by this decision of the Labor Bureau. This is the first time in nearly two decades that inflation figures for Industrial Workers (CPI-IW) have not been released. If sources are to be believed, this is getting delayed due to the Labor Bureau not having the data for the months of February and March. Now its numbers will have to be waited for till the end of June.
What is the matter?
The Consumer Price Index for Industrial Workers (CPI-IW) has not released the data for February, March and April. According to sources, there is a delay in releasing the data because the Labor Bureau does not have the data for February and March yet. It is being told that this information can be updated in the data to be released at the end of June. Even though the Labor Bureau does not have the data. But, this does not mean that the dearness allowance will not increase in July 2024. However, there may be a slight change in the calculation.
Labor Bureau does not have data for February
Let us tell you, the numbers of dearness allowance which increases in proportion to inflation for central employees are released on the last working day of every month. The figures for January 2024 were released on 28 February. Since then, the AICPI Index (CPI-IW) numbers for the months of February, March and April have not been released. These are the numbers on the basis of which it is decided how much the dearness allowance of central employees will increase. But, this time it is difficult to guess. In January 2024, the AICPI index was at 138.9 points, on the basis of which the score of dearness allowance has become 50.84 i.e. 51 percent. Now only after the further numbers come, it will be known how much inflation will increase for July 2024.
Dearness Allowance will not be zero (0)
There was a discussion that from July 2024, the dearness allowance of central employees will become zero. But, there is no such rule. The government has also distanced itself from any such idea. DA Hike calculations will continue to be done beyond 50 percent. According to sources, this discussion gained momentum because, when the base year was changed in the year 2016, the dearness allowance was zeroed and merged into the basic salary. But, this was done due to the change in the base year. But, no rule was made regarding this that it would be made zero when it becomes 50 percent. At present there is no need to change the base year. In such a situation, there is no solid reason behind the merger of dearness allowance. The calculation will be done beyond 50 percent. According to experts, the next dearness allowance can also increase by 4 percent.
Now when will there be a change in dearness allowance?
The next revision in DA hike for central employees is to be done in July 2024. According to the current data, the score of DA has reached 50.84 percent. Experts say that the next update in Dearness Allowance (DA) can also be of 4 percent. According to the current trend, dearness allowance has reached 51 percent. The data of February, March, April, May and June is to decide how big the next jump will be. It is expected that there is a possibility of an increase of 3 percent more from the current situation. Meaning dearness allowance will increase from 51 to 54 percent.
There will be a huge jump in dearness allowance
Under the 7th Pay Commission, the AICPI numbers from January to June 2024 will determine the dearness allowance for central employees. Dearness allowance has reached 50.84 per cent. Data for 5 months is yet to come. It is expected that there will be an increase of 4 per cent this time too. However, experts are denying that after 50 per cent, dearness allowance will be merged with the basic salary.
