Confirmed DA from July 2024 for Central Government Employees
The All-India Consumer Price Index for Industrial Workers (CPI-IW) for June 2024 saw an increase of 1.5 points, reaching 141.4 (one hundred forty-one point four) points, as per the latest press release by the Labour Bureau. This rise in the CPI-IW has solidified the Dearness Allowance (DA) and Dearness Relief (DR) for Central Government employees and pensioners starting from July 2024. The new DA/DR rate is confirmed to be 53% under the 7th Central Pay Commission (CPC), reflecting a 3% increase from the previous rate.
Detailed Overview of CPI-IW and DA/DR Calculation
| Index | Month | Base Year 2016 = 100 | Base Year 2001 = 100 | Total of 12 Months | Twelve-Monthly Average | % Increase over 115.76 for 6CPC DA | % Increase over 261.42 for 7CPC DA | 6CPC DA Announced or Will be Announced | 7CPC DA Announced or Will be Announced |
|---|---|---|---|---|---|---|---|---|---|
| DA/DR from Jan, 2024 | 239% | 50% | |||||||
| 0.1 | Jan, 24 | 138.9 | 400 | 4732 | 394.33 | 240.65% | 50.84% | ||
| 0.3 | Feb, 24 | 139.2 | 401 | 4751 | 395.92 | 242.02% | 51.45% | ||
| -0.3 | Mar, 24 | 138.9 | 400 | 4767 | 397.25 | 243.17% | 51.96% | ||
| 0.5 | Apr, 24 | 139.4 | 401 | 4782 | 398.50 | 244.25% | 52.44% | ||
| 0.5 | May, 24 | 139.9 | 403 | 4797 | 399.75 | 245.33% | 52.91% | ||
| 1.5 | Jun, 24 | 141.4 | 407 | 4811 | 400.92 | 246.33% | 53.36% | ||
| Confirmed DA/DR from Jul, 2024 | 246% | 53% | |||||||
Key Highlights
- Increase in CPI-IW: The index rose by 1.5 points in June 2024, confirming a 3% increase in DA/DR for Central Government employees and pensioners from July 2024.
- New DA/DR Rate: The DA/DR for July 2024 is now confirmed at 53% under the 7th CPC.
- Union Cabinet Approval: The 53% DA/DR rate is expected to receive formal approval from the Union Cabinet in September 2024.
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Now the price rise in market at present on essential commodities and medecine as well as vegitable which are daily consumables so also Grocery items is sky high in comparison of previous months. So I think the price index is matching to this to consider increase of DA and DR of Employees and Pensioners respectively.The DA and DR should be hiked minimum 5 pc according to present maket price.