DA Hike: Good news has come for millions of employees of the country. Central government employees and pensioners are waiting for the increase in DA i.e. dearness allowance which is now going to be completed.
The time is coming for government employees-pensioners to get increased dearness allowance or dearness allowance.
It has been reported through media reports that a meeting of the Union Cabinet is going to be held for this in the next one or two weeks and this DA increase will be announced.
The government increases dearness allowance twice a year
As you know that the central government increases dearness allowance twice in any year – in January and July.
This news has come through the latest report of an economic media channel and portal and it means that before Diwali, colorful lights of happiness are going to be arranged for government employees. The government increases the rates of dearness allowance and dearness relief on the basis of CPI-IW, that is, there is a change in the rates of DA and DR.
How much will the dearness allowance of employees increase-
This dearness allowance of employees is prepared on the basis of (CPI-IW) i.e. Consumer Price Index for Industrial Workers. After this DA increase, lakhs of employees are going to get benefit. According to the AICPI-IW data of January-July, the DA of government employees is going to increase by 3 percent. This increased dearness allowance will be considered applicable from July 2024.
On what basis has 3 percent dearness allowance been calculated?
The AICPI index of June has come down to 141.4 points, which has increased from 139.9 points of May. On this basis, the Dearness Allowance score has come to 53.36 percent. Last time i.e. in January, this score was at 50.84 percent. After the latest CPI-IW data, a decision can be taken to increase the dearness allowance by 3 percent.
How much was the dearness allowance increased last time?
The last dearness allowance was announced in March 2024. The central government had increased both dearness allowance (DA) and dearness relief (DR) by 4-4 percent, effective from January. After that, the rate of DA and DR has increased to above 50 percent.