Its benefit will be available to 47.58 lakh employees and about 69.76 lakh pensioners. Due to this, the salary of the employees will increase from Rs 27000 to Rs 70000. They will also Get the benefit of the same allowances.
Central Employee DA Hike 2023: There is good news for 1 crore central employees and pensioners. Before Diwali, central employees can get the benefit of increase in dearness allowance in the salary of November.
It is reported that before Navratri, the Modi government of the Center can announce increase in DA and DR of employees-pensioners. Since DA increase was announced only in September last year, it is being speculated that this time also DA increase may be announced by the end of September. If this happens, there will be a bumper jump in the salaries of the employees. However, official confirmation is yet to be made.
3% DA increase possible
Actually, the Central Government revises the rates of dearness allowance and dearness relief of central employees twice a year in January and July, which depends on the half yearly data of AICPI index. The rates for January have been revised and now the new rates for July 2023 are to be released.
According to the AICPI index data from January to June 2023, DA is set to increase by 3 percent. However, the final decision has to be taken by the Modi government at the Centre. Let us tell you that at present the central employees are getting the benefit of 42 percent DA as per the 7th Pay Commission.
You can get benefits before Diwali
According to the latest media reports, a proposal for 3 percent increase in DA and DR may come in the Union Cabinet meeting to be held on September 27. If approval is received from here, the ‘DA’ of central employees will increase from 42% to 45%.
Since it will be implemented from July 1, 2023, employees-pensioners will also get arrears for 3 months July, August, September. Its benefit will be available to 47.58 lakh employees and about 69.76 lakh pensioners. Due to this, the salary of the employees will increase from Rs 27000 to Rs 70000. They will also get the benefit of the same allowances.
This is how dearness allowance is calculated
Actually, DA of central government employees is calculated on the basis of Consumer Price Index for Industrial Workers (CPI-IW), for which a fixed formula is already fixed. The average CPI-IW for the last 12 months is 382.32, under which DA will be 46.24 percent. Last time it was 42.37 percent, hence DA is expected to increase by 3.87 percent in July, 2023. Since the government does not consider decimals, it is considered certain that DA will increase by 3 percent.
