DA Hike: The announcement of the DA hike for the month of July this year has been delayed a lot. Initially it was expected that the announcement would be made before the Haryana elections held on October 5. But that did not happen. Now reports have revealed that the DA hike will be announced a few days before Diwali, which will be celebrated across the country on October 31 this year.
DA Hike for Central Government Employees: More than one crore employees and pensioners will benefit from the DA hike by the central government.
DA Hike 2024: Diwali festival is near, in such a situation, the central government and state governments are announcing Diwali bonus for their employees. After a long wait, now the central government employees are likely to get a good news related to salary. The Modi government at the Center can give a big gift to the central employees on Diwali. The government can soon announce an increase in dearness allowance i.e. DA for all its employees and pensioners.
More than one crore employees and pensioners will benefit from the DA increase by the Central Government.
According to reports, a decision can be taken to increase the DA of Central government employees by 3%. This possible increase in dearness allowance means that more than 1 crore central government employees and pensioners will get their salary for the month of October with three months' arrears and increased DA.
At present, DA is 50% and if the government increases it by 3%, then it can become 53% from July 1, 2024. This will greatly benefit the central government employees.
The Centre increases dearness allowance (DA) twice a year, effective from January and July. However, it is usually announced around the months of March and September. For example, the January DA hike is usually announced around Holi, which falls in March, while the July DA hike is announced around Diwali, which usually falls in October or November every year.
Dearness Allowance is an important part of the salary of government employees, which aims to reduce the impact of inflation on employees. It is determined on the basis of the All India Consumer Price Index (AICPI), which keeps an eye on the changes in retail prices.
This year, the announcement of the DA hike for the month of July has been delayed a lot. Initially, it was expected that the announcement would be made before the Haryana elections held on October 5. But that did not happen, now reports have revealed that the DA hike will be announced a few days before Diwali, which will be celebrated across the country on October 31 this year.
Earlier this month, the Confederation of Central Government Employees and Workers had written a letter to Finance Minister Nirmala Sitharaman drawing the government's attention to the delay in announcing DA hike for employees and pensioners.
