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Home Personal Finance Great news for employees! Dearness allowance will increase again in January 2023,...

Great news for employees! Dearness allowance will increase again in January 2023, there will be a jump in salary, know latest updates

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EPFO Interest Update: Big news! Interest will not be available on the entire amount deposited in PF account? Know why this happens
EPFO Interest Update: Big news! Interest will not be available on the entire amount deposited in PF account? Know why this happens

 There is great news for 1 crore central government employees-pensioners across the country. Dearness allowance will be increased once again in 2023. The figures of the AICPI index for August have been released by the Labor Ministry, the figures for August have increased by 0.3 points compared to July, in August this figure has reached 130.2 beyond 130, so once in January 2023. Then the DA is expected to increase by about 3 to 4%. If this happens, then again there will be a big jump in the salary of the employees.

Actually, the dearness allowance of central employees is increased twice a year by the central government. There is an increase in Dearness Allowance every six months and how much will increase, it depends on the data of the AICPI Index. Dearness Allowance for January and July 2022 has been announced, now dearness allowance will increase in January 2023. It will be announced by March 2023, in such a situation, there is a possibility of increasing DA by 3 to 4 percent again looking at the figures of July and August, in such a situation, DA is expected to increase to 41 or 42 percent in January, due to which there is a significant increase in the salary of the employees. Will increase.

At present, the dearness allowance of central employees is 38 percent. This will be applicable from July 1, in such a situation, the arrears of 2 months will be available in November in the salary of October along with the increased DA. The same pensioners will also get pension at the rate of 38 per cent. The special thing is that due to increase in DA, the PF and gratuity contribution of the employee also increases. It will benefit 50 lakh employees and 65 lakh pensioners.

August AICPI Index 2022
The Consumer Price Index for Industrial Workers is compiled every month by Labor Bureau, Office of the Ministry of Labor and Employment on the basis of retail prices collected from 317 markets of 88 important industrial centers spread across the country. The index is compiled for 88 industrial centers and pan India and released on the last working day of the following month.

  • The All India Consumer Price Index (Industrial Labour) for August 2022 compiled at 130.2 (One Hundred and Thirty Decimal Two) points increased by 0.3 points. The index registered a growth of 0.23 per cent over the previous month as compared to a growth of 0.16 per cent between the same two months a year ago.
  • At the centre-level, the index increased by 3.9 points for Solapur, followed by Agra with an increase of 3.2 points. The other 5 centers showed an increase of 2 to 2.9 points, 20 centers 1 to 1.9 points and 27 centers ranged between 0.1 and 0.9 points. In contrast,
  • Jamshedpur recorded a maximum decrease of 3.7 points. Another 8 centers recorded a decrease of 1 to 1.9 points and 24 centers showed a decrease of 0.1 to 0.9 points. The index of the remaining one center remained stable.
  • Inflation rate for August, 2022 stood at 5.85 per cent as compared to 5.78 per cent in the previous month and 4.80 per cent in the corresponding month of last year. The food inflation rate stood at 6.46 percent as compared to 5.96 percent in the previous month and 4.83 percent in the same month a year ago.
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