Happy News for Employees!!! DA Hike again in January 2023 | Latest Updates!!

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Happy News for Employees!!! DA Hike again in January 2023
Happy News for Employees!!! DA Hike again in January 2023

Happy News for Employees!!! DA Hike again in January 2023 | Latest Updates!!Dearness allowance will increase again in January 2023; there will be a jump in salary. Latest announcement and know the latest updates below. Happy news for employees. Check details below.

The dearness allowance for central staff is currently 38%. For the country’s 1 crore retirees who work for the central government, there is good news. In 2023, the dearness allowance will be raised once more. The Labor Ministry has announced the AICPI index statistics for August. These figures grew by 0.3 points from July to August, reaching 130.2, which will only happen once in January 2023.

The DA is then predicted to rise by between 3 and 4%. The employees’ salaries will again increase significantly if this takes place. Actually, the central government raises the dearness allowance for central employees twice a year. The Dearness Allowance is increased every six months, and the amount depends on statistics from the AICPI Index.

Since the announcement of the dearness allowance for January and July 2022, the dearness allowance will increase in January 2023. It will be announced by March 2023, and in that case, DA may be increased by 3–4 percent again based on July and August data. In that case, DA is anticipated to rise to 41–42 percent in January, as a result of which there will be a sizable increase in employee pay is going to rise. The dearness allowance for central staff is currently 38%. The arrears of two months will be accessible in November in the salary of October along with the enhanced DA, and this will be effective as of July 1.

The same retirees will also get pension payments at a 38 percent rate. The unique aspect is that the employee’s contribution to PF and gratuity increases together with the growth in DA. 50 lakh employees and 65 lakh pensioners will profit from it.

AICPI Index for August 2022:

The Labor Bureau, Office of the Ministry of Labor and Employment, compiles the Consumer Price Index for Industrial Workers each month using retail prices gathered from 317 markets in 88 significant industrial hubs dispersed around the nation. On the last working day of the next month, the index is created for 88 industrial hubs across all of India.

For August 2022, the All India Consumer Price Index (Industrial Labor) was 130.2 (One Hundred and Thirty Decimal Two) points, up 0.3 points from the previous month. In comparison to a gain of 0.16 percent over the same two months a year earlier, the index saw a growth of 0.23 percent over the previous month.

At the center-level, Solapur had an increase in the index of 3.9 points, while Agra saw an increase of 3.2 points. Twenty centres increased by one to 1.9 points, five additional centres by two to 2.9 points, and 27 centres by between 0.1 and 0.9 points. Jamshedpur, in contrast, saw a maximum drop of 3.7 points. 24 centres displayed a decline of 0.1 to 0.9 points, while another 8 centres saw a decrease of 1 to 1.9 points. The index of the lone remaining centre stayed constant. The inflation rate for August 2022 was 5.85 percent, up from 5.78 percent the month before and 4.80 percent in the same month last year. As of last month, the rate of food inflation was 6.46 percent, up from the previous month’s rate of 5.96 percent and the same month a year prior, which was 4.83 percent. Follow our site for daily updates regarding this.

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