AICPIN June 2024: Hike in Dearness Allowance Revealed — Central Government Employees Latest News

AICPIN June 2024: July DA Calculation Update

AICPIN June 2024: The much-anticipated AICPIN (All India Consumer Price Index Numbers) for June 2024 is on the horizon, as indicated by the Labour Bureau’s advance release schedule. Set to be unveiled on July 31, 2024—a Wednesday—this important information will be available on the Labour Bureau’s official website at labourbureau.gov.in. The June 2024 AICPIN figures are vital for determining the Dearness Allowance (DA) that will be applicable starting July 2024 for all Central Government employees, including retirees and family pensioners, as well as personnel from the Army, Ex-Servicemen, Railway staff, and officers.

This upcoming release is especially significant as it comes after the conclusion of the previous month’s period, which ended in December 2023, relating to the Dearness Allowance that took effect on January 1, 2024. With excitement mounting, the upcoming data will play a crucial role in shaping the next installment of the Dearness Allowance, based on this essential AICPIN information.

AICPIN June 2024: Hike in DA for Government Employees

The Dearness Allowance, an essential financial support designed to counteract inflation’s effects, is adjusted biannually for both current and retired central government workers—a practice that has been long established! This allowance is carefully assessed in two separate phases: from January through June and from July through December, adhering to a specific formula set by the 7th Pay Commission.

More precisely, the percentage for the first installment of the Dearness Allowance is calculated based on data from the July to December timeframe, with this increase made available to recipients starting January 1st. On the flip side, the percentage for the second installment is derived from the January to June period and is then released beginning July 1st. This process guarantees that employees receive a steady and dependable adjustment to their pay that reflects economic shifts.