DA Hike Latest Updates: The Centre is all set to announce the dearness allowance revision this month. While the official statement is awaited, there are reports that the central government employees may get a Holi bonanza in form of revised DA. The festival of Holi will be celebrated on March 14 this year.
Multiple media reports say that the Modi government may announce the revision in the dearness allowance before March 14, 2025. If the reports are to be believed, apart from the dearness allowance, the dearness relief may also see an uptick. As per the norms set under the 7th Pay Commission, the dearness allowance is revised twice a year.
The first revision tis applicable from January 1st, whereas the second revision comes into force from July 1st. The first revision for January, will be announced in March. However, it should be noted that there has been no official announcement by the Centre so far.
The Centre revises the salary of the staff based on the All India Consumer Price Index for Industrial Workers. The AICPIN-IW measures inflation. The Centre calculates the revision based on the six-month data by AICPI. So, for the March announcement, the Centre will calculate the DA based on July-December 2024 data.
As per the December data, All-India CPI-IW fell to 143.7, as per the Labour Bureau. The CPI-IW hints at 2 percent hike in DA for central government employees. This will be effective from January 2025. Under the 7th Pay Commission, the DA after revision will come to 55.98 percent.
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