DA Hike: Central government employees and pensioners are eagerly waiting for the announcement of an increase in Dearness Allowance (DA) and Dearness Relief (DR). This hike, which benefits employees from junior levels to senior officers, could soon be confirmed. Under the 7th Pay Commission, the government revises DA twice a year, in January and July. However, the DA hike for July has yet to be announced, keeping employees in anticipation.
Cabinet Meeting Likely to Decide DA Hike
A Union Cabinet meeting is currently underway in Delhi, with high expectations that the government will announce a 3-4% increase in DA. If the cabinet approves the decision, it will be a significant Diwali gift for central employees and pensioners. Currently, government employees receive 50% DA, and with the proposed hike, the allowance would rise to 53-54%.
Three Months’ DA Arrears to be Paid
Though the DA announcement is expected in October, it will be retroactively applied from July 1, 2024. Employees will receive DA arrears for the months of July, August, and September, which will be added to their October salary. Pensioners will also receive arrears in their October pensions, along with a potential Diwali bonus.
Difference Between DA and DR
Dearness Allowance (DA) is provided to current employees, while Dearness Relief (DR) is given to pensioners. Both allowances aim to offset inflation. The last DA hike of 4% was announced in March 2024, effective from January 1, 2024. A similar increase of 3-4% is anticipated for July 2024, which would bring significant relief to millions of employees and pensioners amid rising inflation.
The government’s decision on this matter is expected to be a key financial support for many during the festive season.
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