DA Hike: The AICPI index figure for September has been revealed. At the moment, the rise in dearness allowance will not be counted. However, it has risen by 2.50 percent to date. The new dearness allowance will not be available until January 2024.
A significant upgrade has been released for central staff. Their dearness allowance has been significantly increased. The Labour Bureau has issued the most recent industrial inflation numbers. The index numbers have dropped dramatically. However, the dearness allowance (DA) has increased. This is the second month in a row that the index has fallen.
However, this drop has given good news to central personnel. Let us inform you that the September AICPI index figure has been revealed. At the moment, the rise in dearness allowance will not be counted. However, it has risen by 2.50 percent to date. The updated model will not be available until January 2024.
What is the AICPI Index Number of Industrial Workers
The Labour Bureau has issued the September AICPI index statistics. There has been a 1.7 point drop in this. The index was at 139.2 points in August. In September, it fell to 137.5 points. Despite this drop, the dearness allowance score has risen to 48.54 percent. It was previously at 47.98 percent. However, its ultimate figure will be computed after receiving data until December 2023. The rising rate of the inflation index indicates that the dearness allowance will reach 50% by January 2024.
Big jump in Dearness allowance latest news
This is fantastic news for central staff receiving pay under the 7th Pay Commission. The government just announced a 4% pay rise for its employees. The current figure is 46%. The next revision will take place in January 2024, and it will be disclosed only then. However, his numbers have begun to rise. Dearness allowance has reached 48.54 percent in the first month of July 2023, according to data from the first month of July 2023.
What will happen if DA is 50 Percent for Central Govt Employees ?
According to sources, once central workers’ dearness allowance reaches 50%, the dearness allowance would be decreased to zero. This means that the computation of dearness allowance will begin at 0 and any amount received in excess of 50% will be integrated into the basic wage. The government lowered it to zero by adopting the 7th Pay Commission in 2016. After that, half of it will be revised back to zero. If this occurs, 50% DA will be applied to the base income.