DA Hike: The largest present will go to Central personnel; new DA will be verified in the new year; see details

 DA Hike: The largest present will go to Central personnel; new DA will be verified in the new year; see details

DA Hike: The largest present will go to Central personnel; new DA will be verified in the new year; see details

DA Hike Today: The pattern indicates that dearness allowance may rise to 51 percent. Should this occur, there will be a five percent increase in it. In addition, the dearness allowance will only be 50% in the event that the index rises by 4%.

DA Hike: Central staff are going to have a very wonderful new year. As a New Year’s present, they will get an enhanced dearness allowance. But we'll have to wait till March for this. However, on December 31, which is ten days from now, they could get some extremely wonderful news. In reality, by December 31st, the AICPI index values will be made public. This will provide an estimate of the rise in the dearness allowance (DA) for January 2024. Based on the most recent data, central workers' dearness allowance has increased to 49%. However, this is predicated on the October AICPI index data. Ten days from now, November figures will be made public.

What is the current index's reach?

By October 2023, the AICPI index number had increased to 138.4 points. Compared to September, there was a 0.9 point gain. Based on this, the dearness allowance's overall score has come to 49.08 percent. It is predicted that the index would increase in November and December as a result of food inflation. The governor of the RBI has also said as much. This has resulted in an additional 1.50 percent rise in the dearness allowance.

How much will the dearness allowance increase—4 or 5%?

The dearness allowance may see a 4–5% increase in January 2024. Based on our current estimations, the percentage will undoubtedly be 4 percent. However, analysts think that even a 5% increase in the index cannot be ruled out if there is a spike in November and December. The present trend indicates that 51 percent of dearness allowance may be received. Should this occur, there will be a five percent increase in it. In addition, the dearness allowance will only be 50% in the event that the index rises by 4%.

Allowance for dearness has exceeded 49%.

As of right now, the AICPI index has statistics for July, August, September, and October available. With the index at 138.4 points, 49.08 percent of the dearness allowance score was determined. It is anticipated that in November, this percentage will surpass 50%. After that, dearness allowance might hit 51% if the index rises by 0.54 points in December. The final DA numbers will be determined by the December 2023 AICPI index figures.

The DA Hike will Be Intense

The Dearness Allowance Calculator (DA calculator) indicates that in the following months, the dearness allowance is expected to reach 51 percent.

CPI(IW) Month/Year BY2016=100%DA% Monthly Increase

132.8–43.09 in January 2023

March 2023: 132.7–43.80

133.3 44.47 March 2023

134.2 45.07 April 2023

2023 May 134.7 45.59

136.4 46.25 June 2023

2023 July 139.7 47.15

2023 August 139.2 47.98

2023 September 137.5 48.54

2023 October 138.4 49.08

November 2023

49.69

December 2023

50.60