7th Pay Commission: Elections were held in 5 states and the results of four states will be announced on 3 December. Central employees have got the latest update during the counting of votes. The latest figures for increasing dearness allowance for January 2024 have come out. Dearness allowance of central employees has reached 49%.

The latest figures of the AICPI index give a score of 138.4. There has been a jump of 0.9 points. This data has been released for the month of October. Dearness allowance should be changed in January 2024. The numbers calculated will determine how much the increase will be. Figures for November and December are yet to come.

How many times can dearness allowance increase?

Till now the maximum increase in dearness allowance can be 5%. The DA score obtained from the AICPI indicator shows something similar. Experts estimate. That at the current growth rate, dearness allowance can reach 51%.

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If this happens, there will be a big jump of 5%. AICPI index calculates dearness allowance. The index shows inflation figures related to various sectors. How much should the employees' allowance increase in comparison to inflation?

DA increased by 3% in four months data

At present, AICPI index data for July, August, September and October has been released. Dearness Allowance is currently at 49.9% score. While the index is at 138.4 points. These are estimates. That by November this figure will exceed 50%.

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After this, in December also it is around 51% with a jump of 0.54 points. What will be the total increase in dearness allowance will be determined after the AICPI index figures are released in December 2023.

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There will be a huge jump in inflation rate

Under the 7th Pay Commission (7th Pay Commission), the AICPI numbers from July to December 2023 will determine the dearness allowance. Dearness allowance has reached approximately 49.9%. Now the figures for two months are about to come. Experts estimate. That it has just increased by 3%. Looking at the trend, there may still be a rise of around 1.60%.

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If this happens, dearness allowance can reach 50.60%. In such a situation the figure over the decimal point will be 51%. Dearness Allowance Calculator (DA calculator) estimates. That in the remaining months the dearness allowance will reach 51%.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: December 03, 2023  

Posted By Sunil

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