look news india
DA Hike: Good news for 1 crore central employees and pensioners. After the cabinet meeting on October 9, an increase in Dearness Allowance (DA) may be announced today. The government can increase dearness allowance by 3 to 4 percent. If this increase happens, then the current 50% DA may increase to 53 or 54 percent. This decision is being considered as a big gift for the employees before Diwali.
Increase in DA will provide relief
In March this year, the government had increased DA by 4 percent, after which DA became 50 percent. The government reviews DA every six months and it is considered effective from January 1 and July 1, even if it is announced later. This time also the government announcement will be made in October, but it will be considered effective from July 1 only. Along with this, employees will also get three months' DA arrears, which will be added to the October salary. Apart from this, Diwali bonus can also be given.
How much will the salary increase?
The possible increase in DA by 3 to 4 percent will have a direct impact on the salaries of the employees. For example, those whose basic salary is ₹18,000 currently get ₹9,000 DA. If there is a 3% rise, it will reach ₹9,540, and if there is a 4% rise, it can reach ₹9,720. This will provide a lot of relief in the salaries of the employees.
Financial relief during festive season
This increase by the government will provide financial assistance to employees and pensioners during the festive season. Considering inflation, this relief will be very important. 1 crore government employees and pensioners will directly benefit. Although the government's focus is currently on controlling inflation and increasing DA, discussions are also going on on the Eighth Pay Commission. Employees hope that on the auspicious occasion of Navratri, the government will give them the gift of increase in dearness allowance, so that their financial condition can improve during the festive season.