Good news for central employees, government may increase dearness allowance to 42% before Holi
Government can give good news to central employees before Holi. According to media reports, the government may increase the Dearness Allowance (DA) from 38% to 42%. Before this, the last increase was done in September 2022.
The central government is going to give good news to more than one crore employees and pensioners by increasing the dearness allowance before Holi. According to media reports, the government may increase the Dearness Allowance (DA) by 4% before Holi, after which the current DA will increase from 38% to 42%. According to the news agency, this increase in DA will be effective from January 1, 2023. In fact, the dearness allowance given to central employees and pensioners is decided on the basis of the Consumer Price Index for Industrial Workers (CPI-IW), which is issued by the Labor Bureau.
The government released the CPI-IW for December 2022 on January 31, 2023, talking to the news agency, Shiv Gopal Mishra, general secretary of the All India Railwaymen's Federation, said that "Dearness Allowance hike on the basis of CPI-IW will be 4.23 Sits, but the government will not increase dearness allowance in decimal.4% dearness allowance can be increased to 42%.
Shiv Gopal Mishra said that the Department of Expenditure of the Finance Ministry will prepare a proposal to increase DA with its revenue implication. After this, the proposal will be placed before the Union Cabinet for approval. Earlier, DA was revised on 28 September 2022, which is effective from 1 July 2022.
To compensate for the rising prices, the government gives DA to employees and pensioners. The rule of increasing DA is going on every year from January 1 and July 1. Explain that the dearness allowance of the employees is calculated every month by the Labor Bureau, which is a part of the Ministry of Labour.