DAE HIE: Excellent news! Employees' salary allotment will increase by 45%, and money will now just rain.

 DAE HIE: Excellent news! Employees' salary allotment will increase by 45%, and money will now just rain.

The central personnel will have a very happy year this year. For their January 2023, a dearness allowance has now been announced. But in the interim, even another heartwarming development has emerged. Let's learn all the pertinent information.

The January 2023 AICPI index figure has been made public. Index points are up 0.5. This indicates a further increase in the dearness allowance. 42 percent of the dearness allowance has thus far been authorised. Yet, it is feasible to get even higher.

How far-reaching are the CPI-IW numbers?

The CPI-IW index statistics for January 2023 are available. The index has increased by 0.5 points to 132.8. This raise makes it obvious that the dearness allowance will increase in July 2023. The path is being prepared for the July DA/DR hike. The score for central staff and pensioners has now gone up by 1%. The dearness allowance for January 2023 was therefore 42.37%.

Their dearness allowance has been raised to 42% based on this. The figures for July are now 1% higher. That is, it has now gotten to 43.08%. However, the amount of the DA/DR for employees and pensioners would depend on the CPI-IW index values for the following five months actually increase.

From January, DA/DR will be 42%.

The percentage of the dearness allowance and dearness relief for central personnel and pensioners will be 42% starting in January 2023. This was determined using information up to December 2022. Even if it hasn't been officially confirmed by the national government yet.

Even so, it was authorised during last week's cabinet meeting. Unfortunately, there was no announcement confirming the government's approval. If sources are to be believed, the government will make the announcement before Holi. Then and only will a notification be delivered.

What will the next inflation allowance be?

It is projected how much the dearness allowance will be for July 2023. It has risen 1% in terms of index numbers. translates to a 43% increase. This graph indicates that the total dearness allowance may be as high as 45%. Below is the pay scale chart according to the 7th Pay Commission.