7th Pay Commission: The month of February is about to pass and more than one crore central employees and pensioners of the country are eagerly waiting for the next month i.e. March 2023. The month of March is going to bring a lot for the central employees and pensioners. There is going to be a big increase in the salary of central employees in March. That is, after Corona, this year's Holi of central employees is special.

Central employees can get many gifts together before Holi. Central employees and pensioners are expected to get three gifts each this year. According to media reports, this includes an increase in DA of employees, an increase in fitment factor, and payment of outstanding DA. In this, the countdown for the announcement of an increase in dearness allowance has also started.

Table of Contents

  • Important cabinet meeting on March 1, 2023
  • There is a possibility of a 4 percent increase in DA.
  • Dearness allowance will increase from 38 percent to 42 percent
  • Dearness Allowance will be Rs 90,720

Important cabinet meeting on March 1, 2023

7th Pay Commission

  • According to the news coming in the media, the cabinet is going to be held on March 1, 2023. In this meeting, the central government can take a final decision on the increase in the dearness allowance for central employees and dearness relief for pensioners. If this happens, before Holi, central employees can get a big gift of an increase in dearness allowance. Not only this, but if everything goes well, then from March 31, employees can get increased salaries and pensioners can get increased pensions. Along with this, the money of arrears for January and February can also come into the account simultaneously.

There is a possibility of a 4 percent increase in DA.

  • Meanwhile, the figures of AICPI for December 2022 have also come from the Ministry of Labour. From this, it seems that there can be an increase of up to 4 percent in DA and DR. However, the AICPI figures for December 2022 released by the Ministry of Labor have fallen as compared to November. The figures for AICPI increased continuously from July to November. But the AICPI figures have seen a slight decline in December. The December figure has fallen to 132.3 points as compared to November. In October and November, this figure was at 132.5 points. There it was 131.3 in September, 130.2 in August, and 129.9 in July. However, even after this, there is a possibility of a 4 percent increase in dearness allowance.

Dearness allowance will increase from 38 percent to 42 percent

  • Dearness Allowance (DA) for January 2023 is usually announced before Holi. If the dearness allowance is increased by 4 percent, then the cost of central employees will increase from the current 38 percent to 42 percent. After a four percent increase in DA in September 2022, now central employees are waiting for an increase in dearness allowance in the new year.

Dearness Allowance will be Rs 90,720

  • Significantly, the central employees are currently being paid DA at the rate of 38 percent. If it increases by 4 percent, it will increase to 42 percent. After this, the annual dearness allowance will increase to Rs 90,720 for those with a basic salary of Rs 18,000. Talking about the difference from the existing dearness allowance, the salary will increase by Rs 720 per month and Rs 8640 annually.

You get a review of the dearness allowance of central employees (7th Pay Commission) every 6 months. Dearness allowance is hiked twice a year based on AICPI data. One hike takes place in January and the other in July. Like every year, in the year 2023 also there will be an increase in the dearness allowance of central employees.