Central government employees DA Hike: According to sources, in this meeting, the dearness allowance (DA) of central employees can be increased by 3%. This will increase the current DA from 50% to 53%. This increase will be applicable from July 2024, and the employees will also be given arrears of 3 months between July to September.
DA Hike News: Big news may come soon for central employees. According to sources, a special cabinet meeting is going to be held on October 3, 2024, in which a big decision can be taken regarding the increase in dearness allowance (DA). This decision is awaited by lakhs of government employees, who are expected to get relief from rising inflation.
Possibility of a 3% increase in dearness allowance
According to sources, in this meeting, the dearness allowance (DA) of central employees can be increased by 3%. This will increase the current DA from 50% to 53%. This increase will be effective from July 2024, and employees will also be given arrears of 3 months between July to September. If an increase in DA is announced, then along with getting new DA, central employees will also get arrears of the last 3 months. Dearness allowance helps employees' income to deal with inflation and provides financial relief amid rising inflation.
Effect on salary
If the monthly salary of a central employee is ₹ 50,000, then a 3% increase will give him an additional amount of ₹ 1,500 every month. This amount can be up to ₹ 4,500 as arrears from July to September, which will be given with the next month's salary.
Previous DA hike
Earlier in January 2024, DA was increased by 4%, which made DA 50%. DA is revised twice a year, this second increase will help employees more in dealing with inflation.
Why is the meeting important?
The special meeting of the Cabinet to be held on October 3 is important for central employees because in this the DA hike will be finalized and the process of payment of arrears will be discussed. This announcement before the festive season can become a big relief for central employees.
