DA Hike: AICPI index number increases by 2.50% before to Diwali, DA will climb dramatically, according to a recent report

 DA Hike: AICPI index number increases by 2.50% before to Diwali, DA will climb dramatically, according to a recent report

A DA Hike The September AICPI index figure has been made public. At this time, the dearness allowance increase will not be taken into account. However, it has risen by 2.50% so far. We will not be able to get the new dearness allowance until January 2024.

A DA Hike A significant update has been sent to central staff members. Their dearness allowance has increased significantly. The Labor Bureau has made available the most recent data on industrial inflation. The index numbers have significantly decreased. However, the dearness allowance (DA rise) has increased. The index has decreased for the last two months in a row. However, there is good news for the central personnel as a result of this drop. Let us inform you that the AICPI index figure for September has been made public. At this time, the dearness allowance increase will not be taken into account. However, it has risen by 2.50% so far. We will not be able to get the new dearness allowance until January 2024. Central workers now get a dearness allowance of 46%.

What number does the AICPI Index have?

The September AICPI index statistics have been made public by the Labor Bureau. This has shown a 1.7-point drop in performance. The index was at 139.2 points in August. which in September dropped to 137.5 points. However, despite this drop, the dearness allowance score has risen to 48.54 percent. It was 47.98 percent earlier. But when the data is gathered until December 2023, the ultimate figure will be determined. The growing rate of the inflation index indicates that by January 2024, dearness allowance will surpass the 50% threshold.

Large increase in the dearness allowance

For central staff receiving pay under the 7th Pay Commission, this is wonderful news. The government recently declared that employee salaries will rise by 4%. 46 percent is the current rate. The next modification won't be publicized until January 2024, at that point. However, his numbers have begun to rise. The dearness allowance for the first month of July 2023 is 48.54 percent, based on the data.

In the event that DA is 50%, what will happen?

There are rumors that central workers' dearness allowance will drop to zero as soon as it reaches the fifty percent threshold. This implies that the dearness allowance will be calculated from zero and that any amount received in excess of fifty percent will be combined with the base income. In 2016, the government implemented the 7th Pay Commission, reducing it to zero. Following this, 50% of it will now be changed once again to zero. In the event that this occurs, the base wage will be increased by 50%.