Centre likely to hike dearness allowance by 4 pc to 42 pc

Talking to PTI, All India Railwaymen Federation, General Secretary, Shiva Gopal Mishra said, "The CPI-IW for December 2022 was released on January 31, 2023. The dearness allowance hike works out to be 4.23 per cent. But the government does not factor in hiking DA beyond decimal point. Thus DA is likely to be increased by four percentage points to 42 per cent." He further explained that the expenditure department of the Finance Ministry will formulate a proposal to hike DA along with its revenue implication and will put up the proposal before the Union Cabinet for approval.

Centre likely to hike dearness allowance by 4 pc to 42 pc
Talking to PTI, All India Railwaymen Federation, General Secretary, Shiva Gopal Mishra said, "The CPI-IW for December 2022 was released on January 31, 2023. The dearness allowance hike works out to be 4.23 per cent. But the government does not factor in hiking DA beyond decimal point. Thus DA is likely to be increased by four percentage points to 42 per cent." He further explained that the expenditure department of the Finance Ministry will formulate a proposal to hike DA along with its revenue implication and will put up the proposal before the Union Cabinet for approval.