Centre likely to hike dearness allowance to 42%

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central government is likely to increase dearness allowance (DA)

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For its over one crore employees and pensioners

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The DA hike will be effective from January 1, 2023

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The last revision in DA was done on September 28, 2022

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The Dearness Allowance for employees and pensioners is worked out

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on the basis of the latest Consumer Price Index for Industrial Workers

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The DA is provided to employees and pensioners to compensate them for rising prices

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The cost of living Also increases over a period of time and is reflected in the CPI-IW

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