The Consumer Price Index (CPI) is an important economic indicator that measures changes in the average prices of goods and services purchased by households over time. It is widely used by governments, businesses, and individuals to track inflation and make informed decisions. The CPI is calculated by collecting price data for a basket of goods […]
CGE Latest News
Understanding Inflation Rate: Causes, Effects, and Implications
Inflation rate is a key economic indicator that measures the rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling. It is an important factor that affects individuals, businesses, and the overall economy. There are several factors that can contribute to the rise in inflation […]
Dearness Allowance Revised to 46% from July 2023 – Finmin
In a recent Office Memorandum dated October 20, 2023, the Government of India’s Ministry of Finance, Department of Expenditure, has made a significant announcement regarding the revision of Dearness Allowance for Central Government employees. The revised rates, effective from July 1, 2023, will increase the Dearness Allowance from 42% to 46% of the Basic Pay. […]
Cabinet Approves 4% Increase in Dearness Allowance and Relief from 01.07.2023
The Union Cabinet, led by Prime Minister Narendra Modi, approves a 4% rise in Dearness Allowance and Dearness Relief for Central Government employees and pensioners, effective from 01.07.2023. Learn how this increase, based on the 7th Central Pay Commission’s recommendations, will benefit 48.67 lakh employees and 67.95 lakh pensioners
Central Govt. Employees Granted Non-Productivity Linked Bonus for 2022-23
Discover the official memorandum from the Ministry of Finance granting Non-Productivity Linked Bonus to Central Government Employees. This article breaks down the eligibility criteria, calculation details, and budget provisions, ensuring you’re well-informed about this bonus allocation