Dearness allowance will increase on this day

Dearness allowance will increase on this day

Government increases dearness allowance twice a year

As you know that the central government increases dearness allowance twice in any year-in January and July.

This news has come out through the latest report of an economic media channel and portal and this means that before Diwali, there is going to be a colorful light of happiness for government employees. The government increases the rates of dearness allowance and inflation relief on the base of CPI-IW, that is, the rates of DA and DR changes.

How much will the dearness allowance of employees-

This dearness allowance (CPI-IW) of Employees is prepared on the base of the consumer price index for industrial workers. After this DA, millions of employees are going to benefit. According to the AICPI-IW data of January-July, the DA3 percent of the government employees is going to increase. This increased dearness allowance will be considered applicable from July 2024.

On what basis has 3 percent dearness allowance is calculated?

The AICPI index of June has come to 141.4 points, which has shown up from 139.9 points of May. Based on this, the dearness allowance score has come at 53.36 percent. Last time, in January, this score was at 50.84 percent. After the latest CPI-IW data, a decide can be decided to increase the dearness allowance.

How much was the dearness allowance last time?

The last dearness allowance was announced in March 2024. The Central Government had increased both the dearness allowance (DA) and inflation relief (DR) i.e. Dearness Relief from January 4-4 percent. After that the rate of DA and Dr has increased to above 50 percent.