According to the agreed-upon methodology, the central government is anticipated to boost the dearness allowance (DA) for its over one crore employees and pensioners by three percentage points to 45 percent from the current 42 percent.
The dearness allowance for employees and pensioners is calculated using the most recent Consumer Price Index for Industrial Workers (CPI-IW) published by the Labour Bureau each month.
All India Railwaymen Federation General Secretary Shiva Gopal Mishra told the media agencies that, “The CPI-IW for June 2023 was released on July 31, 2023. We are demanding a four percentage point hike in dearness allowance.
“But the dearness allowance hike works out to be a little over three percentage points. The government does not factor in hiking DA beyond the decimal point. Thus DA is likely to be increased by three percentage points to 45 per cent.”