At current, the whole Dearness Allowance (DA) is 31 per cent, which can enhance to 34 per cent. With the federal government rising the DA by three per cent, it should turn out to be 34 per cent. Will probably be carried out from January 1, 2022 itself i.e. staff can get the allowance for the month of January and February together with arrears within the wage for the month of March.
What We Know So Far on DA Hike
As of now, central authorities staff are paid a Dearness Allowance of 31 per cent. The newest hikes got in July and October 2021, after a months-long freeze within the allowance because of the Covid-19 pandemic. The Union Cupboard in October had hiked dearness allowance and dearness aid by three per cent to 31 per cent to profit 47.14 lakh Central Authorities staff and 68.62 lakh pensioners.
Dearness Allowance is a element of wage of presidency staff and pensioners. To manage up with the rising inflation, the central authorities revises DA and DR advantages twice yearly – in January and July. DA varies from worker to worker based mostly on whether or not they work in city sector, semi-urban sector or the agricultural sector.
The federal government’s final transfer had benefitted early 48 lakh central authorities staff and 65 lakh pensioners throughout India when it hiked DA in October.
For Central Authorities Workers, DA is Calculated as Below:
Dearness Allowance share = ((Common of AICPI (Base Yr 2001=100) for the previous 12 months -115.76)/115.76) x 100. Right here, AICPI stands for All-India Client Value Index.