DA Hike: For your information, let us tell you that central employees have received great news. Actually, let us tell you that the dearness allowance of the employees will increase by four percent. It is believed. That 50 percent Dearness Allowance (DA Hike) will be completed on January 31. Dearness allowances will increase for the first time in 2024. The government will have to wait till March to make the announcement.

Remember that this allowance should be increased after inflation figures are released. This is clear from the current data. That dearness allowance will increase by four percent and will reach fifty percent. But for employees it is implemented only after the approval of the government. The government usually approves increase in dearness allowance only after a gap of two months.

Why will dearness allowance increase only by four percent?

AICPI index data forms the dearness allowance data of central government employees. It is observed twice a year on half yearly basis. The first runs from January to June and the second from July to December. Statistics are given between January and June. How much will dearness allowance increase from July? Also, figures from July to December are given. How much more will the dearness allowance be in January?

November AICPI index figures have not come yet. The index rose 0.7 points and stood at 139.1 points. According to DA calculator, Dearness Allowance (DA HIKE) has reached 49.68%. This will be considered fifty percent because the digit after the decimal is greater than 0.50. In this case an increase of 4% is seen.

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Dec index to DA

Shows the figures for November. That there will be 50 percent dearness allowance (DA hike). But the December numbers are yet to come. In such a situation, dearness allowance will reach only 50.40 percent even if the index increases by 1 point. Even in such a situation, there will be 50% dearness allowance.

However, even if the index increases by two points, the DA will still be 50.49%, hence it will be 50.49% on decimal basis. This is the reason. That this time too dearness allowance will increase by only 4%. But for the final figures we will have to wait for the December figures.

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After 50 percent DA=0

From January 2024, central employees will get 50% DA under the Seventh Pay Commission. But dearness allowance will become zero after this. After this the inflation calculation will start from zero. 50 percent DA will be added to the basic salary of the employees. Suppose, the minimum basic salary of an employee is Rs 18 thousand. So 50% will be added to his salary.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: January 29, 2024

Posted By Sunil

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