There is excellent news for the central government employees at the beginning of May. The employees’ DA must be raised once more after two months. The Central Government boosted DA by 4% in March 2023, and as a result, employees now receive DA benefits at a rate of 42%. Now, the government will raise the dearness allowance (DA Hike) once more in July 2023. This percentage reached 45% by the month of April, which means that the dearness allowance for central staff will rise by 3%.
How much has the index increased?
Let us inform you that this figure may rise to 4% by the month of July. In the month of March, the index rose from 132.7 to 133.3 points. This has increased by a total of 0.6 points. On a monthly basis, the index has increased by 0.45%. At the same time, a growth of 0.80% on an annual basis was noted in this month.
Receiving a DA of 42% right now.
The dearness allowance for government employees had risen to 42 percent following the DA’s 4% hike in January. Now, if there is an additional 3 percent increase, it will rise to 45 percent. Let us inform you that under the Seventh Pay Commission, central employees’ DAs (DA Hikes) are enhanced twice a year. A deadline of January 2023 has been set. The government has yet to announce the DA for July 2023.
Let us inform you that the AICPI index is used to determine
how much the dearness allowance will increase. Who distributes the data? The Labor Ministry releases the All India Consumer Price Index (AICPI) data on the last working day of each month. This index was created for 88 centers as well as the entire nation.
What has changed regarding the fitment factor?
The fitment factor is the basis for raising the base pay of central personnel. The 7th Pay Commission advises that, aside from compensation Allowances, the sole criteria used to determine a central employee’s compensation rise is the fitting factor in Basic Salary. The remuneration of central personnel had previously increased by a factor of two and a half as a result of the increase in the fitting. The fitting element is currently being demanded by the staff once more. He claims that raising the base pay and overall pay is necessary.
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