Breaking News
1. Massive avalanche hits mountains around Kedarnath Temple.      2. Anasuya Bharadwaj says Vijay Deverakonda’s publicist paid trolls to abuse her.      3. Italian MP makes history by breastfeeding baby in Parliament.      4. DRDO successfully flight-tests 'Agni Prime' ballistic missile off Odisha coast.      5. UGC NET June 2023 exam dates for Phase 1 released.      6. Chris Licht steps down as CNN CEO.      7. Dreams of Barcelona Fans Shattered: Lionel Messi Joins MLS Side Inter Miami      8. Mukhtar Ansari's aide Sanjeev Maheshwari alias Jeeva was shot dead outside Lucknow civil court.      9. Air India sends plane 'with food, essentials' for passengers stuck in Russia.      10. Dua Lipa victorious after lawsuit against "Levitating" gets dismissed.      11. Netherlands PM expected to visit India in September 2023.      12. Russia begins naval exercises in Baltic Sea one day after NATO.      13. Pakistan secures $4-billion external funding, hopes for IMF deal soon.      14. Serum Institute gets interim relief in ₹100 crore defamation lawsuit.      15. Rajasthan CM says that UNESCO should designate Jodhpur as a world heritage city.      16. BJP Chief JP Nadda says Rahul Gandhi is running shopping mall of hate.      17. Edtech Start-Up Byju's Faces Deadline For $40 Million Payment Of $1.2-Billion Loan: Report      18. Sakshi Malik withdraws from wrestlers' protest.      19. Edtech Start-Up Byju's Faces Deadline For $40 Million Payment Of $1.2-Billion Loan      20. Odisha Train Accident: Kharge Writes To PM Modi, Asks 'Why Were Grave Red Flags Ignored'     

Dearness Allowance-2023 Big News for Employees

  • Posted on January 17, 2023
  • News
  • By Akta Yadav
Dearness Allowance-2023 Big News for Employees Dearness Allowance wait keeps the Government Employees motivated as the half-yearly event comes close to an announcement. The first instalment of Dearness Allowance this year also has become due from 1st January 2023 and accordingly the employees are now eagerly waiting for the announcement of the figure of increment which will be decided on the basis of AICPI data. The speculated figure of Dearness Allowance increment, as of now,  is 3 percent to be effective from 01.01.2023   Dearness Allowance Dearness Allowance This increment in dearness allowance for the very first half of the year 2023 will be specific from these figures. Actually, the AICPI index data is released on the last day of each month. The estimate AICPI Index for December 2022 will be released on January 31, 2022 and that will decide the actual figure of increment.  Let's See How Much it Can be: Dearness Allowance will be disclosed in March 2023 for the first half of the year 2023, means January to June 2023. However, the final figures will be available by January 31. Basically, the dearness allowance is determined by the AICPI index. The Government raises the dearness allowance in response to the index's rising prices of several important items. So far, figures through November 2022 have been released. The index value is 132.5. In that case, the dearness allowance of employees of the Central Government will be increased by 3%. If somehow the indexes hold steady in December, their dearness allowance will rise by 3%. However, if the December figure rises by one point, the DA Hike may also be 4%. However, it appears that its chances are low. Why is the AICPI Index figure not rising? According to experts, the December Rate and inflation figures were released on January 12. In this regard, retail inflation dropped to its lowest level in the past year in December month, at 5.72%. During the same time, retail inflation throughout November was 5.88%. When retail inflation fell in November, the AICPI index remained unchanged. In Oct. 2022, the AICPI index used to be 132.5 points, and it remained unchanged in November too. In such a case, analysts claim that the AICPI index will stay constant in December 2022. Even when the index moves slightly, the DA will only rise by 3%. Dearness Allowance Dearness Allowance   How much may Increase central employees' DA? Whether the December 2022 index remains unchanged, the DA will rise by 3%. In this specific situation, the total DA under the 7th Pay Commission will be 41%. From July 2022, central employees used to receive a 38% DA. Whereas an employee's basic salary is Rs 18000K, he receives Rs 6K and 840 rupees monthly. However, in the case of a 3% rise, the DA can become 41% and the employee's DA may be like 7380 rupees. This implies that their monthly DA will rise by a count of Rs 540. How soon will the DA for 2023  be Announced? For central Government Employees, the rate of increment of Dearness Allowance will be confirmed on January 31. However, the official declaration of the increment will happen only in March which will be effective from 01.01.2023 and will be after the salary of March 2023. Usually, the arrears for previous months are released in April.
No Image
Akta Yadav

You May Also Like