When subsequent DA hike will likely be introduced? Key updates govt workers should know – India TV
seventh Pay Fee: With the start of the New 12 months 2025, the Central authorities workers at the moment are eagerly awaiting for the announcement on subsequent hike in dearness allowance for the January-June cycle. The per the Central authorities tips, the Centre revises dearness allowance (DA) and dearness aid (DR) for over 1 crore central authorities workers and pensioners twice a 12 months — first in July and second in October. Nonetheless, as the method is dependent upon the All-India Shopper Value Index (AICPI) numbers, the official announcement might face delays.
How is DA calculated?
The Central authorities revises Dearness Allowance relying on the price of residing based mostly on AICPI information. The Central authorities will first assessment the index for January-June and July-December durations after which will announce the revisions after evaluating the 12-month common AICPI.
The federal government workers have to be realizing that the DA/DR revision relies on the rise within the All India Shopper Value Index (AICPI) over a 12-month interval and the calculation DA hike is – [(Average AICPI for the past 12 months (Base Year 2001=100) – 115.76) / 115.76] x 100.
How a lot can DA hike may be anticipated?
In accordance with October 2024 information, the AICPI went as much as 144.5 and is more likely to rise to 145.3 as soon as November and December information come, which might end in a DA improve to 56% in January 2025. Proper now, the the dearness allowance of the federal government workers stands at 53%, which was hiked in October this 12 months earlier than Diwali.
When will subsequent DA hike be introduced?
For the announcement on DA hike, the Centre will want the November and December 2024 information. The November information is anticipated by January 1st week and December quantity will are available February 2025 after which the subsequent revision could also be introduced by February finish. As per the previous developments, the federal government proclaims DA hikes for each six-month cycles with a two-month lag and offers arrears to workers and pensioners.
