7th Pay Commission- After giving the gift of Diwali to the central employees with an increase in Dearness Allowance, HRA and TA, the Central Government has calculated the Dearness Allowance (DA) for the central employees. ) made some changes.
New Delhi. After giving the gift of Diwali to central employees with an increase in Dearness Allowance, HRA and TA, the Central Government has made some changes in the calculation of Dearness Allowance (DA) for central employees. have done.
Recently, this formula was changed by the Ministry of Labor and Employment of the Central Government. The new series of Wage Rate Index (WRI) with base year 2016=100 will replace the old series with base year 1963 65=100.
Central government changed base year
In accordance with the recommendations of the International Labor Organization (ILO), the National Statistical Commission changed the base year from 1963 65 to 2016 to broaden the scope and improve the efficiency of the index. The government changes the base year from time to time for important economic metrics based on inflation data.
How is DA calculation done?
DA is revised twice a year from January to July. Dearness Allowance (DA) is calculated by multiplying the current rate of Dearness Allowance by the Base Wage.
What is Dearness Allowance (DA)?
Dearness Allowance (DA) is given by the Central Government to the employees to help them with their living expenses. This money is given so that the standard of living of the employees is not affected due to rising inflation. This money is given to government employees, public sector employees and pensioners.