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Home Personal Finance DA Hike: Big news for employees-pensioners! 4% increase in DA possible, benefit...

DA Hike: Big news for employees-pensioners! 4% increase in DA possible, benefit of arrears allowances will also be available, there will be a bumper jump in salary

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DA Hike: Big news for employees-pensioners! 4% increase in DA possible, benefit of arrears allowances will also be available, there will be a bumper jump in salary

‘DA’ of central employees will increase from 42 to 46 percent. This will be implemented from July 2023, in such a situation the employees will also get arrears for two months of July and August.

Salary Hike 2023: There is good news for 1 crore central employees and pensioners. After Ganesh Chaturthi, the Modi government at the Center can give a big gift to the employees and pensioners. It is reported that by the end of September, a 4 percent increase in dearness allowance and dearness relief may be announced. This estimate has been made from the data of AICPI index released by the Labor Department from January to June. After this increase, the DA DR will increase to 46 per cent. Due to this, a bumper jump in salary will also be seen.

New DA rates may be announced by the end of September

According to the latest media reports, the proposal to increase DA and DR may be approved in the Union Cabinet meeting to be held on September 27 after the G20 summit. After this, the DA of central employees will increase from 42 to 46 percent. This will be implemented from July 2023, in such a situation the employees will also get arrears for two months of July and August. Due to this, there will be a jump of up to Rs 50,000 in the salary of the employees. There will also be a 25 percent increase in allowances. However, this has not been formally announced yet.

DA hike proposal will come soon in the cabinet

According to media reports, an important meeting of Modi Cabinet is to be held on September 27, in which the Expenditure Department of the Finance Department can propose DA increase. After getting approval from here, orders will be issued by the Finance Ministry. Central employees can get the benefit of 46% dearness allowance from October. Its benefit will be available to 47.58 lakh employees and about 69.76 lakh pensioners. Due to this, the salary of the employees will increase from Rs 27000 to Rs 70000. They will also get the benefit of the same allowances.

July’s AICPI index figures also released

The AICPI index for July 2023 released by the Labor Ministry has also been released, in which a big jump of 3.3 points has been recorded. The AICPI index for July released by the Labor Ministry has increased by 3.3 points to reach 139.7 points as compared to 136.4 points in June 2023. After this, the score of dearness allowance has increased to the level of 47.14 percent. However, the figures from September to December are yet to come. After this, the inflation index numbers from July to December will decide how much increase in DA will be in the coming year 2024. Will happen. At present the rates for July are yet to be announced.

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