BIG NEWS on DA hike coming today? Cabinet meeting likely, know how much salary will increase
The centre may today give respite to lakhs of central government employees who have been waiting for announcement on hike in Dearness Allowance (DA).
The Dearness Allowance of central government employees is revised twice a year.
The first is given from January to June, while the second comes from July to December.
Media reports say that DA might by hiked by 4 percent to 38 percent.
The reason behind this brighter hope is the recent All-India CPI-IW data for the month of May.
The AICP Index, crucial factor in determining the DA
Dearness Allowance of the employees could by hiked by 4 percent.
This means the total DA could reach upo 38 percent.
The All-India CPI-IW for April, 2022 increased by 1.7 points and stood at 127.7
The first increase in dearness allowance for the year 2022 was announced in March.
Cabinet had on March 30 hiked Dearness Allowance (DA) and Dearness Relief (DR) by 3 per cent to 34 per cent