CPI-IW falls sharply, Still Jan 2024 DA to reach 50%, Other allowance to go up: The Labour Bureau has published the All-India Consumer Price Index for Industrial Workers (CPI-IW) for the month of September 2023, which declined sharply by 1.7 points from August 2023. This has led to anxiety among central government employees, as they were anticipating a DA hike of over 50% from January 2024.
Currently, the DA for central government employees is 46%. However, based on the CPI-IW indices till September 2023, the expected DA for January 2024 was almost certain to cross Read More
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