None
Skip to mainAccording to a recent statement by the Labour Bureau, under the Ministry of Labour and Employment, the All-India Consumer Price Index for Industrial Workers (CPI-IW) for March 2023 has risen by 0.6 points to reach 133.3. Central government employees closely monitor this index as it determines the dearness allowance (DA) hike. The CPI-IW index is compiled on the last day of the following month based on retail prices collected from 317 markets in 88 industrially significant centres across 88 cities and India as a whole.
With this, it is expected that the DA hike from July 2023 will be 3%.
The CPI-IW index has increased by 0.45% compared to the previous month, while the corresponding increase was 0.8% between the same months last year. The upward pressure on the current index was primarily due to the Fuel & Light group, contributing 0.25 percentage points to the total change.
The DA for central government employees is calculated based on the 12-month average CPI-IW index. The calculation of the DA from July 2023 requires three more months of CPI-IW figures, from April to June 2023.
With the available figures and assuming the indices will not go down considerably, the DA from July 01, 2023, is estimated to be 45%, a 3% increase, much to the relief of central government employees struggling with rising prices.
Calculate yourself: Expected Dearness Allowance (DA) from July 2023 Calculator
🕑 23 Apr, 2024 10:01 AM
CGDA: Revision of rates of Allowances with DA rates increased to 50%
🕑 22 Apr, 2024 12:59 PM
CBDT: on DoPT order on regularization of Casual Workers
🕑 21 Apr, 2024 09:54 PM
DoPT Consolidated Instructions on SC, ST, OBC, PwD & EWS reservation
🕑 18 Apr, 2024 11:51 AM
Timeline extended for CGHS Beneficiary ID - ABHA ID linking
🕑 18 Apr, 2024 10:22 AM
APAR timelines for Central Civil Services extended to 30th April
🕑 10 Apr, 2024 08:25 AM
DoPT Guidelines on Departmental Promotion Committees
🕑 02 Apr, 2024 09:21 AM
CGHS ID - ABHA linking mandatory and needs to be done in 30 days
🕑 31 Mar, 2024 08:10 PM
DA from 01.01.2024 to Armed Forces Officers & Personnel Below Officer Rank
🕑 10 Apr, 2024 08:35 AM
Kendriya Vidyalaya Sangathan Admission Guidelines 2024-2025
🕑 05 Apr, 2024 01:23 PM
Kendriya Vidyalaya Balvatika Admission Schedule - 2024-25
🕑 02 Apr, 2024 09:25 AM
Kendriya Vidyalaya Admissions Open for 2024-25: Key Dates & Appln Process
🕑 01 Apr, 2024 09:23 AM
Kendriya Vidyalaya (KV) schools where Balvatika is functioning
🕑 14 Mar, 2024 02:07 PM
Govt bans 18 vulgar 18 OTT. See the list here
🕑 08 Mar, 2024 01:49 PM
Pension Scheme Gains Traction Across States, Despite Central Hurdles
🕑 20 Feb, 2024 11:17 PM
CGHS rate for general surgery applicable from February 1, 2024
🕑 08 Feb, 2024 10:19 AM
No loan interst change as RBI maintains repo rate at 6.50% for the 6th time