Current DA Hike update: Great news for the staff! Data on the "missing" DA rise in January? understand the most recent information

 Current DA Hike update: Great news for the staff! Data on the "missing" DA rise in January? understand the most recent information

Current DA Hike update: Great news for the staff! Data on the "missing" DA rise in January? understand the most recent information

The most recent news on DA Hikes indicates that the AICPI index has increased to 138.4 points. There has been a 0.9 point increase in this. This information is available for the month of October. However, this information is still absent from the Labor Bureau document.

Not good news for staff members at Central. Experts could find it challenging to forecast how the dearness allowance will change in January 2024. In actuality, the Labor Bureau's data used to determine dearness allowance has not been updated. Since April 2024, nothing has changed in this regard. Let us inform you that the workers' next dearness allowance hike is scheduled for January. According to the most recent AICPI index statistics, the index number is 138.4 points. There has been a 0.9 point increase in this. This information is available for the month of October. However, this information is still absent from the Labor Bureau document. Even specialists find it difficult to predict how much the dearness allowance would rise in such a scenario.

The Labor Bureau's website is empty.

After April 2023, the information on the Labor Bureau's official website, https://www.labourbureau.gov.in/allindiageneralindex-1, has not been updated. Furthermore, no announcement about index modifications has been made. Based on the most recent data, the index is only apparent in April, at 134.2. Data for the months that follow are absent.

To what extent is dearness allowance increaseable?

The dearness allowance might see its largest-ever hike of 5%. AICPI Index-derived DA score is suggesting a similar thing. The present trend indicates that 51 percent of dearness allowance may be received. This will result in a significant 5 percent increase. The AICPI index is used to determine the dearness allowance. The index's collection of inflation data from several industries illustrates how much the employee allowance should rise in relation to inflation.

DA rose by 3% during the course of four months.

As of right now, the AICPI index values for the months of July, August, September, and October are available for viewing. At this moment, the dearness allowance score is 49.08 percent, and the index is at 138.4 points. This percentage is predicted to surpass 50% in November. Following this, with a surge of 0.54 points, it is also seen in December, coming in close to 51 percent. The final determination of the complete increase in dearness allowance will not be made until the December 2023 AICPI index statistics are received.

The dearness allowance will increase significantly.

AICPI figures from July to December 2023 will determine the dearness allowance for central workers under the 7th Pay Commission. The dearness allowance now stands at 49.08 percent. The two-month statistics are still pending. Experts estimate that it has now climbed by 3%. Based on the observed trend, an approximate 1.60 percent increase is still possible. The dearness allowance might reach 50.60 percent if this occurs. The percentage above the decimal point in this case will be regarded as 51 percent. The Dearness Allowance Calculator (DA calculator) indicates that in the following months, the dearness allowance is expected to reach 51 percent.