AICPI data for July has been released. This has recorded the highest growth so far after 2020. Along with this, it is believed that dearness allowance may be increased to 50% in January 2024. With dearness allowance being 50%, there will be a revision in the basic salary of the employees once again. With this, a big increase in their salary will be recorded.
DA HIke: There is good news for one crore employee pensioners. On one hand, a four percent increase in their dearness allowance for the July half year is considered certain. On the other hand, the calculation of dearness allowance for January 2024 has also been started. AICPI data for the month of July has been released.
AICPI: This is the highest ever increase since September 2020
The AICPI data for July 2023 has recorded an increase of 3.3 points. With that the figure has increased to 139.7. Is. This is being considered a good start for increasing dearness allowance and dearness relief in January 2024. Earlier in the month of June, an increase of 1.7 was recorded in the figure. With the arrival of the data for the remaining 5 months, the increase in dearness allowance for January 2024 will be confirmed. It is believed that dearness allowance may be increased to 50% in January 2024.
4% increase in dearness allowance for July soon
On the other hand, the Modi government may soon announce a 4% increase in dearness allowance for July 2023 for 63 lakh pensioners including 47 lakh central government employees. Proposals are being prepared for this. It is believed that the increase in their dearness allowance will be approved by the end of September in the cabinet meeting. With the approval of the increase in dearness allowance, dearness allowance for central employees will be increased to 46%. At the same time, dearness relief at the rate of 46% will also be provided to the pensioners.
The benefit of this increase from July 2023 will be given to the employees till December 2023. At the same time, once again in January 2024, an increase will be seen in dearness allowance and dearness relief of pensioners including central employees. Explain that the Central Government issues orders for increase in dearness allowance for central employees twice every year. DA and DR are increased in July after January.
Salary can increase up to Rs 27000
At the same time, an important decision can be taken on the formation of a new pay commission for the employees. Inflation hike from July 2023 to December 2023 will be seen up to ₹ 25000 in the salary of fellow employees. Salaries of many employees may increase up to Rs 27,000.
