None
Skip to mainThe All-India CPI-IW for July 2022 increased by 0.7 points and stood at 129.9 (one hundred twenty-nine point nine). On 1-month percentage change, it increased by 0.54 per cent with respect to the previous month compared to an increase of 0.90 per cent recorded between corresponding months a year ago. The Labor Bureau, which is responsible for compiling the CPI-IW each month using retail prices gathered from 317 marketplaces spread over 88 industrially important centres in the nation, provided the data.
The AI CPI-IW data will serve as the basis for the Dearness Allowance rise for the central government employees. Dearness Allowance increases are one of the most-anticipated pieces of news for CG staff. The CPI-IW for July 2022 will be used to compute the Dearness Allowance from January 2023. As five more figures up to the month of December 2022 are required for this calculation, it is too early to predict the exact DA from January 2022. However, assuming a minimum hike in the CPI indices over the next five months, it is likely that the DA from January 2023 shall again see a hike of 4% making the DA at 42%. Try yourself here
The calculated Dearness Allowance from July 2022 is 38%. There were some fake DA orders circulating in social media, which the centre has issued a clarification as fake via PIB. Read: Centre clarifies that the order stating DA hike from July 2022 is fake. The government is likely to announce the DA hike by September end or October. After the cabinet approval, the finance ministry is required to issue the office memorandum before the central government employees can receive the hiked DA as well as the arrears.
📈 Check out the StaffCorner Expected Dearness Allowance (DA) from January 2023 Calculator
For details on how the calculation, check out the page New DA calculation formula as per the AI CPI-IW series with base 2016
To know more about the CPI-IW visit page - Understanding the CPI-IW or Consumer Price Index for Industrial Workers
🕑 24 Mar, 2024 08:01 AM
Minutes of the DC/JCM (Railways) and Staff Side Meeting held on 15-16 Feb
🕑 20 Mar, 2024 09:23 AM
Pensioners Samaj on discrematory nature of railway Notional Increment order
🕑 20 Mar, 2024 09:14 AM
BSNL non-executive staff wage revision: Record of Joint Committee discussion
🕑 19 Mar, 2024 10:36 AM
50% for CDA pattern employees of CPSEs in 7th CPC pay
🕑 18 Mar, 2024 01:16 PM
Changes in Reimbursement of Children Education Allowance as per NEP 2020
🕑 18 Mar, 2024 01:13 PM
Holiday declare for 14th April, 2024 – Birthday of Dr. B.R. Ambedkar
🕑 18 Mar, 2024 01:04 PM
Revised Flexible Complementing Scheme for Scientists
🕑 15 Mar, 2024 09:33 AM
Dearness Relief to Central Government pensioners from January 2024
🕑 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
🕑 07 Feb, 2024 08:28 PM
The Evolving Role of Pay Commissions in India: Mandatory or Myth?
🕑 05 Feb, 2024 03:50 PM
How much you take home increase after DA hike?
🕑 03 Feb, 2024 07:59 PM
Guaranteed Benefits in NPS: Election Gambit or Endgame for Retirees?
🕑 03 Feb, 2024 07:46 PM
Budget 2024. Benefit up to ₹ 25000. One in eight taxpayers to benefit