Stay updated with breaking news from 7th Pay. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The DA hike, which will be effective from July 1, 2023, is expected to be 3 per cent, according to media reports. After the increase, the dearness allowance will reach 45 per cent.
7th Pay Commission: The hike in dearness allowance and dearness relief for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month.
Reports claimed that the Centre is likely to announce a hike in DA after the G20 summit in Delhi which will end on September 10. However, there has been no official confirmation on the matter so far.
DA Hike Latest News: An official at the Union Ministry of Finance told India.com that the Centre this time could announce only a 3% hike in dearness allowance as the inflation is steadily coming under control.
The Union Cabinet is expected to approve the next round of DA hike this month.