Driving Naari Programme launched in Chandigarh
The DA and DR are revised twice a year. (Photo credit: PTI)
New Delhi: There is some good news in the offing for central government employees and pensioners.
According to media reports, they are likely to get another hike in their dearness allowance (DA) and dearness relief (DR). Several reports claim that the hike for government employees and pensioners will be implemented on July 1. This is expected as the government recently released the All-India Consumer Price Index (AICPI) data. AICPI is one of the key factors that is taken into consideration while deciding how much DA hike will be implemented. The data of AICPI from April indicates that the government may announce another DA hike soon.
When are DA and DR revised?
The Dearness Allowance (DA) and Dearness Relief (DR) are revised twice a year – first in the month of January and then between July and December. The first hike in DA this year was announced in March.
How much DA hike is expected?
According to Zee News, there would be a DA hike of around 5 per cent in July. This will take the DA rate to 39 per cent. Earlier, the DA/DR was increased by 3 per cent over the then-existing rate of 31 per cent. The hike was announced in March and was effective from January 1, 2022. As many as 47.68 lakh central government employees and over 68 lakh pensioners benefited from the government’s decision.
It is important to note that DA or dearness allowance is for government employees who are still working and DR or dearness relief is given to pensioners.
All-India Consumer Price Index for Industrial Workers for April, 2022
The All-India Consumer Price Index for Industrial Workers or AICPI-IW for April, 2022 stood at 127.7. This was an increase of 1.7 points from the AICPI in January and February were 125.1 and 125, respectively.
On one-month percentage change, the AICPI increased by 1.35 per cent with respect to February compared to an increase of 0.42 per cent recorded between corresponding months a year ago.
Also, year-on-year inflation for the month of April stood at 6.33 per cent when compared 5.35 per cent for March and 5.14 per cent during the corresponding month a year before.
