7th pay commission: Central government employees may get good news soon. There is news that the government may announce a 3% increase in dearness allowance (DA).
7th pay commission: Central government employees may get good news soon. There is news that the government may announce a 3% increase in dearness allowance (DA). According to a Hindustan Times report, a final decision will be taken in the next cabinet meeting and then an official announcement is expected around the Diwali celebrations on October 31. At the same time, according to different media reports, the central government may make the announcement in mid-October. However, no official details about the DA hike have been revealed yet.
What is the detail
Currently the dearness allowance (DA) is 50 percent. However, now if the government increases the DA by 3%, the new rate can increase to 53 percent from July 1, 2024. This change is expected to benefit more than one crore central government employees and pensioners, employees will also receive arrears for July, August and September. Last year, the government announced a DA hike ahead of the festive season. This year, the Himachal Pradesh government has announced a 4 percent DA hike just before Dussehra. This change is estimated to benefit 180,000 employees and 170,000 pensioners in the state. The Center usually increases dearness allowance (DA) and dearness relief for employees and pensioners twice a year in January and July, with announcements usually made in March and early October.
What is Dearness Allowance (DA)?
Let us tell you that Dearness Allowance (DA) is a percentage of the basic salary of the employees. It is designed to help reduce the effect of inflation on their living expenses. This allowance is usually revised every six months to reflect fluctuations in the cost of living. Dearness Allowance (DA) is determined by the All India Consumer Price Index (AICPI), which monitors retail price fluctuations and is updated twice annually. The increase in DA results in higher take-home pay for government employees, providing some relief as inflation continues to affect households.
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