DA Hike July 46% Update: Dearness Allowance (DA Hike) of central employees is applicable. Presently the employees are being given dearness allowance at the rate of 42 per cent. The government will extend it again from 1 July 2023. Dearness Allowance is revised every 6 months according to the 7th Pay Commission.
DA Hike July 46% Update
The total dearness allowance (DA Hike) of central employees has now increased to 42 percent. Dearness allowance will be increased by the government. This hike in DA was based on the July-December 2022 CPI-IW data of the previous year. Employees can celebrate soon. According to the discussion, it is expected that during this half year also, an increase of about 4 percent in the DA of the concerned personnel is considered possible. If this happens, a significant increase in the general salary is believed to be possible.
Government will increase DA by 46%
The next revision in DA Hike by the government is to be implemented from 1 July 2023. This means that from January 2023 to June 2023, the allowance of employees will be given on the basis of AICPI-IW data (AICPI-IW data). will be increased. According to the sources, the speed with which dearness allowance is being increased, there will be an increase of only 4 per cent in dearness allowance. And this is the reason that the Dearness Allowance of the employees will increase up to 46 percent.
How much will DA Hike increase?
According to the 7th Pay Commission, the Dearness Allowance (DA Hike) has been increased by 1% from the CPI-IW number of January from 1st July 2023. This shows that Dearness Allowance has been increased by 1 percent. But it is expected that there is still time left in its announcement and the rest of the figures are yet to come.
According to sources, if there is no change in the index number in the coming months, then DA Hike will be increased by at least 3 percent. At the same time, there is a possibility of 1 percent increase in Dearness Allowance, that is, instead of 45 percent, dearness allowance can be 46 percent.
Dearness Allowance will reach 45-46 percent
Labor Bureau of Ministry of Labor released the data of All India Consumer Price Index – Industrial Workers AICPI-IW. What will be the index in February 2023, it will be decided on 31 March. Further calculations will be done on the basis of this number. But at present, based on the figures, the dearness allowance can reach up to 45-46 per cent. At the same time, the increase in DA Hike has been fixed at 3-4 percent.
Fitment Factor Big Update
The Modi government may soon make a proper increase in the fitment factor, after which there will be a bumper jump in the basic salary. It is believed that the fitment factor will increase from 2.60 times to 3 times, which is enough to win the hearts of the people. With this, the basic pay of the employees is expected to increase from Rs 18,000 to Rs 26,000. In this, Dearness Allowance will increase by Rs 96,000 annually.
DA Hike July 46% Update: DA is increased twice a year
Let us tell you that on the basis of the Seventh Pay Commission, Dearness Allowance of government employees is increased twice a year. Based on this, the DA to be given to central employees from January was announced in March. The next dearness allowance of all central employees is to be implemented from 1 July 2023. It is expected that an announcement in this regard can be made by the government in September. Everyone is expecting a 4 percent hike in the dearness allowance this time and if this happens then the dearness allowance (DA Hike) of the employees will increase from 42 percent to 46 percent.
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