Central Government Employees likely to get 4% DA hike from Jan 2020 ?
HAPPY NEW YEAR 2020 !!!!
All India Consumer Price Index Numbers for Industrial Workers – CPI(IW) for November 2019 increased by 3 points and pegged at 328, based on the DA Calculation Sheet the DA as on November 2019 is 20.50%.
Expected DA is 21% from January 2020 if the CPI value increase or decrease more than 5 points in December 2019
How to calculate Dearness Allowance
Formula to calculate Dearness Allowance for Central Government Employees after 1.1.2016
DA % = (Average of AICPIN for the past 12 months – 261.4) * 100 / 261.4
Expected DA from Jan 2020
Based on the calculation, Central Government Employees likely to get 4 percent Dearness Allowance increase from January 2020.
However to finalize the DA for Jan 2020, we need December 2019 AICPIN value, this value will be released only in the end of Jan 2020, if the value of December 2019 increase or decrease 5 points or even same, then DA will be 21% which means 4% increase from the existing 17% DA. Central Government Employees receiving 17% DA from July 2019.
However this is only the prediction, we have to wait until end of Jan 2020 to find the exact increase in the Dearness Allowance.
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