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.
AICPI Index: There is good news for one crore employee pensioners. On the one hand, a four percent increase in their dearness allowance for the July half is being considered fixed. 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. 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 pensioners.
