DA Hike Latest Update [DA Hike News Oct 2023]

DA Hike Latest Update: As we all know, the DA given by the central government is determined as a component of the essential compensation (basic salary). That is, assume that on the off chance that there is an increment under DA, the fundamental compensation naturally increments. The central government can give a magnificent present to its central employees on Diwali or before November 2023.

As per the report of the Seventh Pay Commission, the essential compensation of first-level focal representatives goes from Rs 18000 to Rs 56900. Because of the expansion in dearness allowance (DA) by 4%, the complete DA will reach 46%. Their energy has developed as the days have passed, and it was at first accepted that this long-awaited declaration would finally come to completion toward the end of September.

DA Hike Latest Update
DA Hike Latest Update [DA Hike News Oct 2023]

DA Hike Latest Update

All the central government employees are eagerly waiting for the DA hike of July 2023. The announcement is probably going to be made soon. However there is no official confirmation about the DA hike announcement date, but as per the media reports the decision is probably to be announced at the end of September 2023.

As the retail expansion in the nation hit a 15-month-undeniable level in July, the public authority is supposed to expand the dearness allowance (DA) by 3% points to 45%, according to the reports. The dearness allowance for Central government representatives and retired people is determined based on the most recent Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau consistently.

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7th Pay Commission Latest News [DA Hike Update]

The Consumer Price Index for Industrial Workers (CPI-IW) for June 2023 was announced on July 31, 2023. We are requesting a four-rate point hike in DA. Be that as it may, the dearness stipend climb works out to be a little more than 3% point. The public authority doesn’t calculate climbing DA past the decimal point. Accordingly, DA is probably going to be expanded by 3% points to 45%, announced PTI citing All India Railwaymen Organization General Secretary Shiva Gopal Mishra as saying recently.

DA increment is supposed to be 3%

Mishra further said, that the use branch of the money service will plan a proposition for a DA hike alongside its income suggestion and will set up the proposition before the Association Bureau for endorsement, and afterward, the DA hike declaration will be made. As of now, more than one crore central government employees and retired people are getting a 42% dearness allowance. While central government employees get DA, retired people are given DR. Every year DA and DR are increased two times, firstly in the month of January and second time in the month of July. Let us tell you that last time, the DA was increased in March 2023, and it was expanded by 4% to 42%. Given the ongoing expansion rate, the following DA increment is supposed to be 3%, according to the different reports.

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As of now, there is roughly 47 lakh to 48 lakh central representatives all over the country and around 69 lakh to 70 lakh retired people. In the month of July 2023, CPI IW had become 139.7, which was around 136.4 in the period of June and 13.7 in the month of May 2023.


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