DA Hike: AICPI index number for the month of September has been released. The increase in dearness allowance will not be counted at present. But, till now it has increased by 2.50 percent. We will have to wait for January 2024 for the new dearness allowance.
DA Hike: A major update has arrived for central employees. There has been a big increase in their dearness allowance. Labor Bureau has released the latest figures of industrial inflation. There has been a big decline in the index numbers. But, there has been a jump in the dearness allowance (DA hike). This is the second consecutive month when the index has seen a decline. But, this decline has also brought good news for the central employees. Let us tell you, the number of AICPI index for the month of September has been released. The increase in dearness allowance will not be counted at present. But, till now it has increased by 2.50 percent. We will have to wait for January 2024 for the new dearness allowance. At present, central employees are getting 46 percent dearness allowance.
What is the AICPI Index number?
Labor Bureau has released the AICPI index numbers for the month of September. A decline of 1.7 points has been recorded in this. In August the index was at 139.2 points. Which has fallen to 137.5 points in September. But, even after this decline, the score of dearness allowance has increased to 48.54 percent. Earlier it was at 47.98 percent. However, its final number will be calculated after the data received till December 2023. It is clear from the increasing pace of inflation index that dearness allowance will cross the 50 percent mark by January 2024.
Big jump in dearness allowance
This is a great news for the central employees taking salary under the 7th Pay Commission. Recently the government has announced a 4 percent increase in salary for the employees. The current rate is 46 percent. The next revision will be for January 2024, which will also be announced only then. But, his numbers have started coming up. According to the numbers of the first month of July 2023, dearness allowance has reached 48.54 percent.
What will happen if DA is 50 percent?
There are reports that as soon as the dearness allowance of central employees crosses the 50 percent mark, the dearness allowance will be reduced to zero. This means that the calculation of dearness allowance will start from 0 and whatever amount is earned according to 50 percent will be merged into the basic salary. It was reduced to zero by the government by implementing the 7th Pay Commission in the year 2016. After this, now 50 percent of it will be revised again to zero. If this happens then 50 percent DA will be added to the basic salary.
