DA Announcement 2023 Hike 4% for July 2023
Modi Cabinet Approves DA Hike 4% for July 2023 for Today, DA Increase 42 to 46% DA/DR from July, 2023 is now Confirmed
Revised of Rates of Dearness Allowance to Central Government Employees Effect From 01.07.2023
The All-India CPI-IW for June, 2023 increased by 1.7 points and stood at 136.4 (one hundred thirty six point four) points as per the press release by issued by Labour Bureau. Now, DA/DR from July, 2023 has been confirmed with this release. This month CPI-IW is showing 4% increase in DA/DR from July, 2023 i.r.o. Central Govt Employees and Pensioners and be at 46% in 7th CPC DA/DR. All expectations regarding future DA/DR ends here with this release. Hence 46% DA/DR from Jul, 2023 is now confirmed and may be approved by the Union Cabinet.
DA Increase 42 %To 46%
If it is increased, the DA 4% hike will be effective from July 1, 2023. Currently, over one crore central government employees and pensioners are getting a 42 percent dearness allowance. Last time, the DA was revised on March 24, 2023, and was effective from January 1, 2023.
Last time, the Centre had increased DA by four percent to 42 percent based on the percentage increase in the 12 monthly average of the All India Consumer Price Index for the period ending December 2022.
It should be noted that the DA is provided to Central government employees and pensioners to compensate them for rising prices. The DA of central government employees is revised twice a year – the first one is given from January to June, and the second one comes from July to December.