Showing posts from September, 2023

46% Dearness Allowance from July 2023 - Waiting for Union Cabinet Committee Approval!

  4% Additional Dearness Allowance Increase from July 2023 for Central Government Employees, Pensioners, and Family Pensioners! The Union Cabinet Committee is expected to grant its approval to the enhancement of Dearness Allowance (DA) by 4% from July 2023. Typically, this approval is given by the Cabinet Committee of Economic Affairs in September. Central Government employees and pensioners are eagerly awaiting the announcement of the DA hike from July 2023. Following the methodology established by the 7th Pay Commission, the Dearness Allowance (DA) percentage is determined by considering the average All India Consumer Price Index Numbers (AICPIN) for Industrial Workers over a period of 12 months. Currently, the DA stands at 42% and will be increased to 46% effective from July 1, 2023. The announcement regarding the Dearness Allowance (DA) is usually made biannually, specifically in March and September. This allowance is granted to government employees and pensioners in India, with tw