Expected DA/DR from Jan, 2024 .The Dearness Allowance (DA) is a component of salary that is paid to government employees and pensioners to compensate them for the rising cost of living. The DA is revised twice a year, in January and July, based on the All India Consumer Price Index for Industrial Workers (AICPI-IW).
According to Shiva Gopal Mishra, general secretary of the All India Railwaymen Federation, the DA hike for central government employees is expected to touch 50% of the basic pay. This means that the DA could be hiked by 5% from January 2024.
If the DA is hiked by 5% in January 2024, it would mean that a central government employee with a basic pay of Rs. 30,000 would get an additional DA of Rs. 1,500 per month. This would translate into an annual increase of Rs. 18,000 in the employee’s salary.
Expected DA_DR from Jan, 2024 @ 51%
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
Shram Bureau Bhawan, Block No. 2,
Institutional Area, Sector 38 (West),
Chandigarh — 160036
F.No. 5/1/2021-CPI
Dated: 29th September, 2023
Press Release
Consumer Price Index for Industrial Workers (2016=100) — August, 2023
The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of August, 2023 is being released in this press release.
The All-India CPI-[W for August, 2023 decreased by 0.5 points and stood at 139.2 (one hundred thirty nine point two). On 1-month percentage change, it decreased by 0.36 per cent with respect to previous month compared to increase of 0.23 per cent recorded between corresponding months a year ago.
The maximum downward pressure in current index came from Food & Beverages group contributing 0.71 percentage point to the total change. At item level, Wheat, Poultry/Chicken, Eggs-hen, Cotton Seed Oil, Apple, Brinjal, Cauliflower, Chillies Green, Ginger, Lady’s Finger, Tomato, Electricity Domestic, Kerosene Oil, etc. are responsible for the fall in index. However, this decrease was checked by Rice, Arhar Dal, Onion, Cumin Seed/Jira, Cooked Meal, Tailoring Charges, Books School/ITI, Private Tutor/Coaching Centre Fees, Tuition and other Fees-College and School/ITI, Stationery, etc. putting upward pressure on the index.
At centre level, Jaipur recorded a maximum decrease of 4.8 points. Among others, 3 centres recorded decrease between 3 to 3.9 points, 11 centres between 2 to 2.9 points, 13 centres between 1 to 1.9 points and 22 centres between 0.1 to 0.9 points. On the contrary, Cuttack recorded a maximum increase of 4.4 points followed by Jalandhar with 4.0 points and Dadra & Nagar Haveli and Kollam with 3.7 points each. Among others, 3 centres recorded increase between 2 to 2.9 points, 9 centres between 1 to 1.9 points and 18 centres between 0.1 to 0.9 points. Rest of 4 centres’ indices remained stationary.
Year-on-year inflation for the month stood at 6.91 per cent compared to 7.54 per cent for the previous month and 5.85 per cent during the corresponding month a year before. Similarly, Food inflation stood at 10.06 per cent against 11.87 per cent of the previous month and 6.46 per cent during the corresponding month a year ago. Expected DA/DR from Jan, 2024 @ 51% – CPI-IW for Aug, 2023 released.