DA Hike Announced, DA Hike News Today, DA Hike Central Government Employees: The Union Cabinet has on Thursday approved to DA hike or increase in dearness allowance (DA) by 4 per cent. After this DA/DR hike, the dearness allowance (DA) and dearness relief (DR) will increase from 46 per cent to 50 per cent. 

From this hike, approximately 49.18 lakh employees and 67.95 lakh pensioners will benefit.
 
The 4 per cent DA hike will cost Rs 12,868.72 crore per annum to the exchequer.

DA Hike: Dearness Allowance Formula 

For central government employees, the calculation that is used to formulate the dearness allowance is —

Dearness Allowance Hike Formula – [(Average of All India Consumer Price Index AICPI) for the last 12 months – 115.76)/115.76]×100. 

For PSU personnel, DA hike is calculated by the below mentioned formula —

For employees working in PSUs (Public Sector Units), the formula used to calculate the Dearness Allowance is -[Average of Consumer Price Index for the last 3 months (Base Year 2001 = 100)-126.33)] x100

More details awaited.