DA/DR hike from 01 Jan 2023 – Cabinet meeting likely today: Report

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DA/DR hike from 01 Jan 2023 – Cabinet meeting likely today: Report

DA/DR hike from 01 Jan 2023 – Cabinet meeting likely today: Report

Cabinet meeting on DA hike for govt employees likely today: Report | Mint
Livemint

The government is likely to hike the dearness allowance for central government staff post the meeting scheduled on 15 March, Wednesday. According to a report by Zee news, the announcement regarding the DA hike for government employees may be made in today’s cabinet meeting.

The union government may hike the DA for its over one crore employees and pensioners by four percentage points to 42% from the existing 38%, PTI reported in February this year. View: DA/DR from Jan, 2023 @ 42% Confirmed – CPI-IW for December, 2022 released

It must be noted that the DA for employees and pensioners works out based on the latest Consumer Price Index for industrial workers (CPI-IW), released by the labour ministry every month.

As per the latest data, the retail inflation dipped marginally to 6.44% in February, mainly on account of a slight easing in prices of food and fuel items though it remained above the RBI’s comfort level of 6% for the second month in a row.

As per the data released on 13 March, the CPI-based inflation was at 6.52% and 6.07% in February 2022.

If any change happens, then the DA hike would be effective from 1 January 2023.

Currently, over one crore central government employees and pensioners are getting 38% DA. the last revision on the DA hike was made on 28 September 2022 and was effective from 1 July 2022. View: Dearness Allowance – Revised Rates effective from 01.07.2022: DoE OM dated 03.10.2022

The central government had increased DA y four percentage points to 38% based on the percentage increase in the 12 monthly All India Consumer Price Index for the period ending June 2022.

DA is for government employees and pensioners in order to compensate them for rising prices. The cost of living increases over a period of time and is reflected through CPI-IW.

The dearness allowance is revised periodically twice a year.

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COMMENTS

WORDPRESS: 2
  • BSKOLI 12 months ago

    Very sad to say about the DA hike disburseme
    nt system in various banks in India that few
    banks IOB and CANARA already disbursed the
    DA arrears to their account holders on date
    12and13-April-2023 respectively but others
    banks like SBI a major bank in India lagged
    behind and not yet disbursed the fund till 18-April-2023.it is a step motherly treatment is very much annoyed. 😔

  • Surjeet Singh 1 year ago

    What about DA hike