DA Hike News Different estimates are now being made regarding dearness allowance. Dearness allowance is decided on the basis of AICPI-IW index. For the last few months, an increase is being recorded in this CPI-IW. Let us know how much increase can come in dearness allowance this time. What is the formula to determine it and what role does AICPI-IW play in dearness allowance?
Government employees eagerly wait for dearness allowance every year. At present, to deal with the rising inflation, dearness allowance i.e. DA (DA Hike News) is given along with the basic salary of all the employees.
Dearness allowance increases every year between February to April and September to November. Different estimates are already being made regarding the dearness allowance to be announced between September and November. In view of the rising CPI-IW index, there is an estimate of increase in dearness allowance as well. First let us know what is CPI-IW or AICPI-IW?
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