Employee DA Hike 2024: The Central Government revises the DA/DR rates of employees-pensioners twice a year in January and July, depending on the half yearly data of AICPI index.
Central Employee DA Hike 2024: Like 2023, 2024 is also going to be full of gifts for central employees and pensioners. It is reported that in the year 2024, there may once again be an increase of 4 percent in the dearness allowance and dearness relief of employee pensioners, which will lead to a bumper jump in salary and pension. This estimate has been released by the Labor Ministry for the period from July to October. It has been estimated from the AICPI index data, although the figures for November and December are yet to come, only after that it will be clear how much DA will increase in 2024.
Next dearness allowance will increase in the new year 2024
Currently, central employees are getting the benefit of 46% DA, which has been implemented from July to December 2023. The next DA increase will be in January 2024, which is expected to be announced around Holi. The DA/DR rates of employees-pensioners are revised in January and July, depending on the half yearly data of AICPI index. A total of 8% DA has been increased in 2023 including January and July and now the next DA will be revised in the year 2024, which will depend on the AICPI index data for July to December 2023.
DA may reach 50 percent or more in the new year
In fact, on November 30, the Labor Ministry has released the October figures of AICPI index, in which after an increase of 0.9 points, the number has reached 138.4 and the DA score has reached close to 49%, hence speculations are being made that There may be a 4% or 5% increase in DA in the new year. Although the figures for November and December are yet to come, after this it will be decided how much DA will increase in 2024? If after the increase in the figures of November and December, the DA score increases to 50% or more, then after increasing the DA by 4%, it will become 50%, in such a situation, the salary of the employees will be revised because the Central Government has constituted the 7th Pay Commission. It was decided that the rules for revision of DA will become zero when it reaches 50%, 50% DA will be given by adding it to the existing basic salary and the calculation of DA will start from zero. However, official confirmation is yet to be done.
Announcement may be made before Lok Sabha elections
It is expected that the next rates of DA may be announced in the month of February-March, because the dates of Lok Sabha elections are expected to be announced between April and May next year, during which the code of conduct will also come into force. After that, the central government will not be able to increase the DA, in such a situation it is believed that the Modi government can take a decision on DA during the budget session itself to woo the central employees. If DA increases by 4% more, it will become 50%, its benefit will be available to more than 48 lakh central employees and 68 lakh pensioners. DA for central government employees is calculated on the basis – {average of last 12 months all India Consumer Price Index (Base Year-2001=100-115.76/115.76}X100.
