DA hike: Govt approves 4% hike in Dearness Allowance for govt staff at price of Rs 12,869 crore each year to exchequer
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Submit this hike, dearness allowance and dearness reduction (DR) will contact 50 per cent as towards the prevailing charge of 46 per cent.
Additionally Learn: DA hiked by 4% to 50%, HRA, different elements to rise: How a lot wage will improve for central authorities staff, pensioners?
“The mixed influence on the exchequer on account of each Dearness Allowance and Dearness Aid could be Rs.12,868.72 crore each year. This may profit about 49.18 lakh Central Authorities staff and 67.95 lakh pensioners,” the federal government mentioned.
In keeping with the federal government, this rise in DA, DR is in accordance with the accepted system primarily based on the suggestions of the seventh Central Pay Fee.
The central authorities determines the quantum of hike primarily based on the CPI knowledge for industrial employees. The 12-month common is at 392.83. Based mostly on this, DA will come to 50.26 per cent of primary pay. The Labour Bureau, a wing of the Ministry of Labour, publishes the CPI-IW knowledge each month. It could be famous that DA is for workers and DR is for pensioners. Yearly, DA and DR are normally raised twice — January and July.The final hike got here in October 2023, when DA was elevated by 4 per cent to 46 per cent.
