{"id":1242505,"date":"2023-02-08T10:51:54","date_gmt":"2023-02-08T05:21:54","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1242505"},"modified":"2023-02-08T10:52:26","modified_gmt":"2023-02-08T05:22:26","slug":"good-news-for-1-crore-govt-employees-dearness-allowance-can-be-increased-to-42","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/good-news-for-1-crore-govt-employees-dearness-allowance-can-be-increased-to-42\/","title":{"rendered":"Good News For 1 Crore Govt Employees: Dearness Allowance Can Be Increased To 42%!"},"content":{"rendered":"\n<p>The dearness allowance of more than 1 crore government employees is reportedly going to be increased by the Centre.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/dd-1-1-1280x720-1-1024x576.jpeg\" alt=\"Good News For 1 Crore Govt Employees: Dearness Allowance Can Be Increased To 42%!\" class=\"wp-image-1242523\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/dd-1-1-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/dd-1-1-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/dd-1-1-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/dd-1-1-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>According to the agreed-upon formula for the purpose, the central government is likely to raise the dearness allowance for its more than 1 crore employees and pensioners by four percentage points, to 42% from the current 38%.&nbsp;<\/p>\n\n\n\n<p><strong>Central Government Hikes Dearness Allowance for 1 Crore Employees<\/strong><\/p>\n\n\n\n<p>The latest Consumer Price Index for Industrial Workers, released each month by the Labour Bureau, a division of the Ministry of Labour and Employment, serves as the basis for calculating the DA for employees and pensioners.<\/p>\n\n\n\n<p>As per Shiva Gopal Mishra, Secretary of All India Railwaymen Federation General, \u201cthe CPI-IW for Dec. 2022 was released on Jan. 31, 2023. The dearness allowance hike works out to be 4.23%. But the government does not factor in hiking DA beyond decimal point. Thus. DA is likely to be increased by four percentage points to 42%.\u201d<\/p>\n\n\n\n<p>He <a href=\"https:\/\/www.bqprime.com\/business\/centre-likely-to-hike-dearness-allowance-by-4-to-42?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">explained<\/a> that the Ministry of Finance&#8217;s expenditure division will draft a proposal to increase DA along with the revenue implications and submit it for approval to the Union Cabinet. The increase in DA will take effect on January 1, 2023.\u00a0<\/p>\n\n\n\n<p><strong>38% DA Being Paid To More Than 1 Crore Government Employees<\/strong><\/p>\n\n\n\n<p>As of now, 38% DA is paid to more than 1 crore central government employees and pensioners. The most recent change to the DA was made on September 28, 2022, and it became effective on July 1, 2022.<\/p>\n\n\n\n<p>Based on the percentage increase in the 12-monthly average of the All India Consumer Price Index for the period ending June 2022, the Centre increased DA by four percentage points to 38%. Employees and pensioners receive the DA as a price-inflation benefit. Over time, the cost of living rises and is reflected in the CPI-IW. Twice a year, the allowance is adjusted periodically.<\/p>\n\n\n\n<p>In August last year, we reported a positive development for the Maharashtra state government employees, wherein, the dearness allowance payable to them has been hiked by 3% by the Eknath Shinde government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dearness allowance of more than 1 crore government employees is reportedly going to be increased by the Centre. According to the agreed-upon formula for the purpose, the central government is likely to raise the dearness allowance for its more than 1 crore employees and pensioners by four percentage points, to 42% from the current [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":1242523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[98],"tags":[781,780],"class_list":["post-1242505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-da-for-govt","tag-government-employees"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Good News For 1 Crore Govt Employees: Dearness Allowance Can Be Increased To 42%! - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/good-news-for-1-crore-govt-employees-dearness-allowance-can-be-increased-to-42\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good News For 1 Crore Govt Employees: Dearness Allowance Can Be Increased To 42%! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"The dearness allowance of more than 1 crore government employees is reportedly going to be increased by the Centre. According to the agreed-upon formula for the purpose, the central government is likely to raise the dearness allowance for its more than 1 crore employees and pensioners by four percentage points, to 42% from the current [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/good-news-for-1-crore-govt-employees-dearness-allowance-can-be-increased-to-42\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-08T05:21:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-08T05:22:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/dd-1-1-1280x720-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radhika Kajarekar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Radhika Kajarekar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/good-news-for-1-crore-govt-employees-dearness-allowance-can-be-increased-to-42\/\",\"url\":\"https:\/\/trak.in\/stories\/good-news-for-1-crore-govt-employees-dearness-allowance-can-be-increased-to-42\/\",\"name\":\"Good News For 1 Crore Govt Employees: Dearness Allowance Can Be Increased To 42%! 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