DA News: Government employees may soon get some good news. According to the report of Economics Times, the government may increase the allowance of central employees by 4 percent in March.
7th Pay Commission: Government employees waiting for dearness allowance may soon get some good news. According to the report of Economics Times, the government may increase the allowance of central employees by 4 percent in March. After the increase of 4 percent, DA and DR will cross 50 percent.
Let us tell you, DA and DR are increased twice every year. This hike is done in January and July.
When was DA increased last time
The last increase in DM was in October 2023. When DA was increased by 4 percent. After which dearness allowance had reached 46 percent. According to the current inflation, it is estimated that the government may again increase DA by 4 percent.
If a decision is taken on increasing DA in March, then government employees will get its benefit from January 1, 2024.
On what basis is DA-DR decided?
DA for industrial workers is determined by the Central Government on the basis of CPI data (CPI-IW). Which is an average of 12 months 392.83. According to this, DM should be 50.26 percent of basic pay. Let us tell you, CPI-IW data is released every month by the Labor Ministry.
