DA/DR has been increased drastically for central employees and pensioners, see the calculation of dearness allowance
DA Hike latest news: The lottery for central employees (Kendriya Karmchariyon Ka DA) and pensioners (Pensioners News) has been started. There has been a big increase in his Dearness Allowance Hike for January 2023. Now in the coming days their DA/DR is going to increase drastically. The figures of Dearness Allowance Hike have been announced. Now all that’s left is approval. It is expected that the new Dearness Allowance Hike will be approved by the end of February or the beginning of March. There will be a jump of 4 percent in the Dearness Allowance Hike of the employees. This increase will be for January 2023. But, its payment will be in March. At the same time, the arrears of two months will also be given to the employees.
Update about DA hike
There has been an increase of 4 percent in the Dearness Allowance Hike of central employees (Kendriya Karmchariyon Ka DA). Looking at the inflation chart under the 7th pay commission, the index has increased by 2.6 points since July 2022. A total increase of 4.40 percent has been registered in this. In such a situation, the dearness allowance (DA Hike News) of the employees has reached 42 percent. Whereas, in the 6th pay commission, this figure has reached 222 percent. According to the new AICPI index, Dearness Allowance Hike and Dearness Relief of employees and pensioners (Pensioners News) will increase by 4 percent. In December 2022, the index has decreased by 0.2 points to 132.3 points.
How to know how much will be the DA hike?
The dearness allowance (DA Hike News) received by central employees ( Kendriya Karmchariyon Ka DA ) and pensioners is decided on the basis of Consumer Price Index for Industrial Workers (All-India CPI-IW). On the basis of CPI-IW number for December 2022, the dearness allowance (DA Hike News) will be 42.40 percent. But, if it is not increased in decimal, then dearness allowance (DA Hike News) will be fixed at 42 percent. For this number, the Labor Bureau prepares an index on the price of retail inflation from 317 markets of 88 industrial centres.