The Modi government at the Center has announced both the new rates for 2023 and now the next DA will be revised in the year 2024, which will depend on the AICPI index data from July to December 2023.
7th Pay Commission DA Hike 2023: The Modi government at the Center has given 2 gifts to the central employees and pensioners before Diwali. This includes 4 percent dearness allowance and Diwali bonus. The special thing is that along with the November salary, the employees have been given the benefit of 46% DA, 3 months arrears, bonus and allowances, while the pension of the pensioners has also increased. Now the next dearness allowance will be revised in 2024, although the amount of increase next time will depend on the half yearly data of AICPI index.
Will the next dearness allowance increase in 2024?
Actually, the Central Government revises the DA/DR rates of central employees-pensioners twice a year in January and July, which depends on the half yearly data of AICPI index. New rates have been announced for 2023 and now the next DA will be revised in the year 2024, which will depend on the AICPI index data for July to December 2023.
From the data of AICPI index till September, there are speculations that DA may exceed 50% or more in the new year. In September, AICPI has decreased by 1.7 points to 137.5, despite this the DA score has reached 48.54 percent, because There has been a jump of 2.50 percent in the figures so far in 3 months. The figures for October, November and December are yet to be released.
Will the new pay commission be implemented in the new year?
If this figure crosses 49% in October, then it is expected to cross 50% by December, in such a situation DA may increase again by 4% to 5%, although the data of October, November and December will decide that by January 2024. How much DA will increase? If DA reaches 50% then the salary of the employees will be revised because with the formation of 7TH Pay Commission, the Central Government had decided the rules for revision of DA that when DA reaches 50%, it will become zero, 50% DA will be given as the existing basic salary. It will be added to the DA and the calculation of DA will start from zero or a new pay commission can also be implemented, although the final decision will be taken by the Central Government only.
Demand for old pension, DA arrears and new pay commission
The Confederation of Central Government Employees and Workers has demanded regular recruitment on vacant posts in the Central Government, ban on privatization, formation of the Eighth Pay Commission and release of arrears of 18 months of DA stopped during the Corona period. On December 10, ‘Pension Jaighosh Maharally’ has been announced by the All India NPS Employees Federation. The theme of this rally has been kept as ‘National Mission for Old Pension Scheme India’. The Federation says that if the Central Government does not restore the old pension by December 10, then an indefinite strike will be announced in that rally.
This is how dearness allowance is calculated
DA for Central Government employees is calculated on the basis – {Average All India Consumer Price Index of last 12 months (Base Year-2001=100-115.76/115.76}X100. For Central Public Sector employees, the formula is as follows – { Average of 3 months All India Consumer Price Index (Base Year-2001=100-126.33/126.33}X100. In other words, dearness allowance is calculated based on the current rate of DA and basic salary multiplied by The amount is withdrawn.
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