DA hike : Let us tell you that before Diwali, employees can get some good news. Recently, the government has taken a big decision for the employees that it can soon approve 4 percent increase in DA of the employees. Let us know the complete update…
Cabinet Meeting on DA hike: Central employees can get a big gift in the Union Cabinet meeting today. The government can approve a 4 percent increase in DA for these employees. If the Central Government approves 4 percent increase in DA today, then the DA of central employees will increase from the current 42 percent to 46 percent.
Government employees can get a big gift in the Union Cabinet meeting to be held today. The government may approve a 4 percent increase in dearness allowance (DA) for these employees.
DA may
increase to 46 percent – If the Central Government approves a 4 percent increase in DA today, then the DA of central employees will increase from the current 42 percent to 46 percent.
Let us tell you that if this increase happens, it will be effective from July 1, 2023 and this will lead to an increase in the salary for the month of November, as well as the arrears for the period from July to October. If the increase in DA is announced, it is likely to benefit 47 lakh employees and 68 lakh pensioners.
How much can the salary increase?
Let us tell you that the minimum basic salary of central employees is Rs 18,000. On this Rs 18,000, DA of 42 percent is added which is Rs 7,560. If the government increases this DA from 42 percent to 46 percent today, then the monthly DA of the employees’ salary will increase to Rs 8,280.
Whereas the DA of the employees with the highest basic salary, whose basic salary is Rs 56,900, is currently Rs 23,898 on the basis of 42 percent, which will increase to Rs 26,174 after this approval.
What is DA?
Dearness Allowance (DA) is the money given by the government to the public sector employees so that the burden of rising inflation does not fall on the government employees. Whereas Dearness Relief (DR) is similar to DI and it is given to the pensioners of the Central Government.
Dearness allowance for industrial workers is decided on the basis of Consumer Price Index (CPI). The government reviews it every 6 months.
