Till November 2022, the figure of AICPI index has been at 132.5, according to which the DA of the employees can be increased by 3 percent. If there is a rise of 1 point in the index, then dearness allowance can increase by 4 percent, otherwise it is sure to increase by 3 percent. This will benefit 50 lakh employees and 65 lakh pensioners.
7th Pay Commission DA Hike 2023: There is good news for more than 1 crore central employees and pensioners. Tuesday before the budget session, central employees can get the first gift of the new year 2023, because on Tuesday, January 31, 2023, the December figures of the AICPI index are going to be issued, after which it will be finalized that how much dearness allowance of the employees will increase in 2023. According to the data till November 2022, the DA of central employees may increase by 3 percent, due to which the salary will once again jump.
DA may increase by 3 to 4 percent
Actually, the DA of central employees increases twice a year in January and July, depending on the figures of AICPI index, which is released by the Labor Ministry on the last date of every month. Till November 2022, the figure of AICPI index has been at 132.5, according to which the DA of the employees can be increased by 3 percent. If there is a rise of 1 point in the index, then dearness allowance can increase by 4 percent, otherwise it is sure to increase by 3 percent. This will benefit 50 lakh employees and 65 lakh pensioners. However, it is yet to be confirmed by the government.
Announcement can be made before Holi
If media reports are to be believed, at present the employees are getting 38 per cent DA, if there is an increase of 3 per cent then DA will be 41 and if it is 4 per cent, it will be 42 per cent. There is a possibility that it may be announced before Holi in the cabinet meeting to be held on March 1, 2023. If this happens, from March 31, employees can get increased salary and pensioners can get increased pension. Due to this, a total increase of ₹ 720 per month in the basic salary of the employees and ₹ 2276 per month for the employees of the maximum salary range is fixed. Is. Not only this, the money for the months of January and February will come into the account with arrears, because it will be implemented from January 1, 2023, in this case arrears of 2 months will also be available.
DA increases twice a year
Significantly, the dearness allowance (7th Pay Commission) of central employees is reviewed every 6 months. Dearness allowance is increased twice a year on the basis of AICPI data. One hike takes place in January and the other in July. Like every year, in the year 2023 also the dearness allowance of the central employees is to be increased, which is possible to be announced before Holi. A formula has been given to determine the same dearness allowance. For Central Government employees, the formula is [(Average of All India Consumer Price Index (AICPI) of last 12 months – 115.76)/115.76]×100
