7th pay commission Latest News: In the beginning of May itself, there is good news for the Central Government Employees. After 2 months, the dearness allowance of the employees has to be increased again. By the month of April, this figure has reached 45 percent.

7th pay commission DA Hike: In the beginning of May, there is good news for the Central Government Employees. After 2 months, the dearness allowance of the employees has to be increased again. In March 2023, the Central Government has increased DA by 4 percent, after which the employees are getting the benefit of DA at the rate of 42 percent. Now in July 2023, the government will once again increase the dearness allowance (DA Hike). By the month of April, this figure has reached 45 percent, which means that the dearness allowance of central employees is set to increase by 3 percent.

How much is the index up?

Let us tell you that by the month of July, this figure can reach up to 4 percent. The index has increased from 132.7 points to 133.3 points in the month of March. There has been a total jump of 0.6 points in this. On a month-to-month basis, the index has gained 0.45 per cent. At the same time, on an annual basis, a growth of 0.80 percent was registered in this month.

Currently getting 42 percent DA

After the DA of January was increased by 4 percent, the dearness allowance of central employees had increased to 42 percent. Now if there is a further increase of 3 percent in this, then it will increase to 45 percent. Let us tell you that under the Seventh Pay Commission (7th Pay Commission), the DA (DA Hike) of central employees is increased twice a year. DA of January 2023 has been announced. Now the DA of July 2023 is yet to be announced by the government.

Who issues the data

Let us tell you that it is decided on the basis of AICPI index that how much will be the increase in dearness allowance? On the last working day of every month, the figures of All India Consumer Price Index (AICPI) are released by the Labor Ministry. This index has been prepared for 88 centers and for the entire country.

What is the update on fitment factor?

The basic salary of central employees increases on the basis of the fitment factor. According to the recommendation of the 7th Pay Commission, apart from Salary Allowances, the salary of central employees increases only by the fitment factor in Basic Salary. Earlier, due to the increase in the fitment factor, the salary of central employees had increased two and a half times. Now the employees are again demanding to increase the fitment factor. He says that it is necessary to increase the basic salary and total salary

Gold Silver Prices has become costlier, know latest rates here

Gold Price Today: There is important news for those who buy gold. If you also have a plan to buy Gold (Gold Price), then today gold prices are seeing a boom. Gold price on Multi Commodity Exchange (MCX Gold Price) is trading today at the level of Rs 61,400 per 10 grams.

Gold Price Today: There is important news for those who buy gold. If you also have a plan to buy Gold (Gold Price), then today gold prices are seeing a boom. Gold price on Multi Commodity Exchange (MCX Gold Price) is trading today at the level of Rs 61,400 per 10 grams. Along with this, today the prices of silver are also increasing. Today, the price of gold in Delhi bullion market has increased by Rs.670 and silver by Rs.1150.

How expensive is gold and silver in MCX

On the Multi Commodity Exchange, the price of gold is trading at a level of Rs 61,411 per 10 grams with a gain of 0.73 per cent. Along with this, there is a rise of 1.12 percent in the prices of silver, after which the price of silver is at the level of Rs 77,442 per kg.
Signs of no hike in Fed interest rates
Gold prices in the domestic market have set a new record in early trade on Thursday after the US Federal Reserve indicated that there would be no further hike in interest rates. Talking about the global market, here gold is trading close to record high.

Gold is at a record high in the global market

Spot gold has reached a record level of $ 2,072.19 an ounce. US Gold Futures has increased to a height of 2,085.40. Whereas, in August 2020, it made a record high of 2,089.2.

Keep in mind before buying gold

If you are also going to buy gold in the market, then buy gold only after seeing the hallmark. You can also use the government app to check the purity of gold. Through ‘BIS Care app’ you can check the purity of gold whether it is real or fake. Apart from this, you can also complain through this app