July 2019 DA: 5% DA hike confirmed as June 2019 AICPIN data out

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July 2019 DA: 5% DA hike confirmed as June 2019 AICPIN data out


Source: One India

July 2019 DA or Dearness Allowance would be 17 %. DA for July-December 2019 period would be 5% more from DA for January to June, 2019, period when it was 12%. 5% DA hike was confirmed after the June 2019 AICPIN data was released.

The Centre is likely to announce a hike of 5% in dearness allowance (DA) for its employees and pensioners in the month of September. The hike will be effective from July 1, 2019.

Finance Minister Nirmala Sitharaman

If the central government decides to hike the DA, it would be at 17 percent — the highest dearness allowance since 2016.

However, CPI statistic for June 2019 is still awaited, which will be released by the end of July.

As per an agreed upon formula, the Centre hikes the allowance taking 12-month average of retail inflation. The government does not consider the price rise rate beyond a decimal point for deciding the rate of the dearness allowance.