According to media sources, lakhs of central government employees who have been waiting for an announcement regarding a hike in their Dearness Allowance (DA) may receive a huge DA hike in July. The most recent All-India CPI-IW data is what gives rise to this more optimistic outlook. The AICP Index, a key component in establishing the DA, shows that an increase in the DA of the central government was expected in May. In July, the government might have more good news to share with the workforce.
When will govt announce the 5% DA hike?
According to the most recent media sources, the Dearness Allowance may increase by 5% in July. This implies that the overall DA could be as high as 40%. According to numerous media sources, the administration might announce a raise in the DA on July 31. Employees will have to wait for official confirmation of these speculative claims.
Employees of the central government get a hike in their Dearness Allowance twice a year. The first is given from January to June and the second from July to December. In April 2022, the All-India CPI-IW rose by 1.7 points to 127.7 (one hundred twenty-seven point seven).
According to data from the Ministry of Labour & Employment, the 1-month percentage change climbed by 1.35 percent compared to the 0.42 percent increase between the same months a year before.
According to the most recent ministry data, the AICPI figures for May are at 129, which suggests with certainty that the DA would be greater than anticipated, or 6 percent, according to multiple media websites.
In March, the first dearness allowance hike for the year 2022 was announced. The AICPI value in December 2021 was 125.4. But it dropped to 125.1 in January 2022, a 0.3-point fall. In February 2022, the All-India CPI-IW dropped 0.1 points to 125.0 (one hundred twenty-five).
In terms of a 1-month percentage change, it fell by 0.08 percent from the previous month, compared to a gain of 0.68 percent between comparable months a year earlier. There was an increase of 1 point for March. 126 is the AICPI index value for March.
