CABINET APPROVES 50% DA FROM JANUARY 2024: महंगाई भत्ते में बढ़ोतरी को केंद्रीय केबिनेट की मंजूरी - Government Staff

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CABINET APPROVES 50% DA FROM JANUARY 2024: महंगाई भत्ते में बढ़ोतरी को केंद्रीय केबिनेट की मंजूरी

CABINET APPROVES 50% DA FROM JANUARY 2024: महंगाई भत्ते में 4% बढ़ोतरी को केंद्रीय केबिनेट की मंजूरी

 Cabinet approves additional instalment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners


CABINET APPROVES DA/DR FROM JANUARY 2024

49.18 lakh employees and 67.95 lakh pensioners to benefit


4% benefit to cost Rs.12,868.72 crore per annum to exchequer

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2024 representing an increase of 4% over the existing rate of 46% of the Basic Pay/Pension, to compensate against price rise.

          The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,868.72 crore per annum.  This will benefit about 49.18 lakh Central Government employees and 67.95 lakh pensioners.

          This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

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As you know DA hike from January 2024 for Central Govt Employees and Pensioners is a great bonanza before festival season ahead. DA hike is calculated based on CPI-IW numbers released by Labour Bureau every month. By the time of July new Government would have been formed in centre.

What is DA and DR?

The Dearness Allowance (DA) and Dearness Relief (DR) is a calculation on inflation and allowance paid to government employees and pensioners in India.

Aspects Overriding the Calculation of DA and DR

Consumer Price Index for Industrial workers (CPI-IW) is the main factor for calculation of DA and DR.

What is the AICPIN For Dec 2023?

The All-lndia CPI-IW for Dec stood at 138.8


Check All Latest News about DA/DR

Why to Calculate Expected Dearness Allowance and Dearness Relief ?

The calculation of Dearness Allowance (DA) and Dearness Relief (DR) is a useful tool for government employees and Pensioners to guess their upcoming remuneration and Pension and plan their expenditures accordingly.

Calculation for DA calculation from January 2024

          For Calculation for Expected DA from January 2024, AICPIN/CPI-IW points for past 12 months are used. Average of last 12 months CPI-IW is taken on account for DA Calculation for the current month.

Below tables will explain the DA calculation from January 2024 for central Govt Employees and Pensioners- 

DA FROM JANUARY 2024 CALCULATOR

MONTH

CPI(IW)

12 MONTH AICPIN AVG

DA/DR

CALC

FINAL

DA/DR %

July 2023

139.7

133.55

47.13

47

August 2023

139.2

134.30

47.96

47

September 2023

137.5

134.82

48.53

48

October 2023

138.4

135.31

49.07

49

November 2023

139.1

135.86

49.67

49

December 2023

138.8

136.40

50.27

50


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