look news india
7th Pay Commission DA Hike: Good news for 1 crore central employees and pensioners. The cabinet meeting is scheduled to be held tomorrow, Wednesday, October 9. After the cabinet meeting, the government can announce dearness allowance. There is a cabinet meeting tomorrow at 10:30 am. After which the government can announce an increase in DA. The government can give the gift of dearness allowance to central employees before Diwali. Modi government can increase Dearness Allowance (DA) by 3 to 4 percent. At present, government employees get 50 percent dearness allowance. If DA increases then dearness allowance can go up to 53 or 54 percent. Although the government will announce the increase in DA in October, it will be considered effective from July 1 only. 3 months DA arrears will come in October salary. Diwali bonus will also come.
DA of central employees will increase to 54%
The government can increase DA from 50% to 54%. This year also in March 2024, the government increased DA by 4 percent, after which DA will become 50 percent. DA is reviewed every six months. Whenever it is announced, it is considered effective from January 1 and October 1.
This amount will increase the salary of central employees
Dearness Allowance is an essential component for employees and pensioners, which is based on the average of the All India Consumer Price Index (AICPI). If this time there is an increase of 3%, the basic salary of which is ₹ 18,000. They will get monthly DA increased from ₹9,000 to ₹9,540. If it increases by 4 percent then it can reach Rs 9,720.
There is hope of relief in the festive season
The additional DA announcement in October is expected to provide financial relief to employees and pensioners during the festive season. This increase will help fight inflation and directly benefit 1 crore government employees and pensioners. Currently, the government's focus is on increasing DA and controlling inflation, but discussions are also going on on the Eighth Pay Commission. At present, the employees are waiting for additional gifts in DA on the occasion of Navratri.