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The central govt determines the quantum of hike primarily based on the CPI knowledge for industrial employees. The 12-month common is at 392.83. Primarily based on this, DA will come to 50.26 per cent of fundamental pay.
The Labour Bureau, a wing of the Ministry of Labour, publishes the CPI-IW knowledge each month.
It might be famous that DA is for workers and DR is for pensioners. Yearly, DA and DR are often raised twice — January and July.
The final hike got here in October 2023, when DA was elevated by 4 per cent to 46 per cent. On the idea of present inflation figures, the following DA hike is prone to be 4 per cent.
The approaching hikes will apply with retrospective impact from January 1, 2024. Due to this fact, workers and pensioners will even get arrears for earlier months.The system for calculating DA and DR is as follows:seventh CPC DA% = [{12 month average of AICPI-IW (Base Year 2001=100) for the last 12 months – 261.42}/261.42×100]
It might be famous right here that this calculation system is relevant to these central authorities employees and pensioners who get salaries primarily based on seventh Pay Fee’s suggestions.
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