Reported By: Business Desk
Last Updated: March 07, 2024, 12:27 IST
DA and DR are hiked twice a 12 months, with impact from January and July.
After the 4 per cent DA hike, dearness allowance and dearness reduction will improve to 50 per cent
7th Pay Commission: The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, is right now, March 7, more likely to approve a 4 per cent hike in dearness allowance (DA) for central authorities workers, in keeping with sources.
After the 4 per cent DA hike, dearness allowance and dearness reduction will improve to 50 per cent.
DA and DR are hiked twice a 12 months, with impact from January and July. The quantum of hike in DA and dearness reduction (DR) is set by the central authorities on the premise of the All-India CPI-IW knowledge.
The 12-month common of the Consumer Price Index for Industrial Workers (CPI-IW) stood at 392.83. As per this, DA is coming to 50.26 per cent of the essential pay.
In the final hike in October 2023, the DA was elevated by 4 per cent to 46 per cent. Given the present inflation fee, the following DA hike is anticipated to be 4 per cent.
