From July 1, central staff will receive the upcoming DA Hike. However, the administration is anticipated to make the announcement in September or October. In reality, the AICPI index data up to April has arrived. The cabinet will only reveal the upcoming DA based on data from May and June. The dearness allowance, however, which will go into effect in July 2023, is already known. It has now been confirmed that the dearness allowance will rise by 4% this time.
DA figure will surpass 46%
One of its formulations is quite well recognized. The math done on the basis of this shows that there will definitely be a 4 percent gain in DA this time. Experts claim that given the direction in which the price index ratio is moving, the DA appears to be rising from 42 to 46 percent. The AICPI index has now risen to 134.2 points as a result of the April data. In addition, the DA score is 45.06. In the following two months, the index is predicted to reach 46.40. The 4% increase in DA is therefore fixed.
In December, the AICPI index was 132.3 points.
The AICPI index in December 2023 was 132.3 points, which resulted in a DA score of 42.37 percent. The DA score grew to 43.08 in January when the index hit 132.8, a rise of 0.71 points. Following this, Dearness Allowance also rose in February by 0.71 points. In March, it was 0.67, and in April, it was 0.60. The index and DA have increased by 0.6725 points on average, according to the data.
Speaking in terms of the foregoing calculation,
the 7th Pay Commission will bring about another raise of 4%. As a result, the Hike will rise to 46%. Although it won’t be implemented until July 1, 2023, it will be publicized in September or October. The arrears will be paid to central staff and pensioners starting on July 1.
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