The employees’ salaries will increase with the addition of a new dearness allowance. The Finance Ministry has released a revised Dearness Allowance (DA hike central government employees) notification. In this instance, the Modi administration has enhanced the dearness allowance by 4%.
The Finance Ministry has good news for the central staff.
The day has come that the central staff has been anticipating for a while. The government has approved the dearness allowance for employees and pensioners. The employees’ salaries will now include a new dearness allowance. The Finance Ministry has released a revised (Dearness Allowance) DA hike central government employees notification. In this instance, the Modi administration has enhanced the dearness allowance by 4%. As a result, it has risen to 42%.
DA rose to 42 percent from 38 percent
The DA Hike would increase by 4% as of Monday, per an office memo from the Finance Ministry. The Union Cabinet gave its approval on March 24 for the employees’ dearness allowance. Also, the employees’ dearness allowance has increased from 38 to 42 percent. The Ministry of Finance has since April 3rd released its notification.
Moreover, you will receive three months in arrears.
Following the notification, the central government employees would get a higher April wage that includes a four percent dearness allowance. Employees who have three-month salary arrears will get their new salaries in their April paycheck. Since January 1, 2023, central personnel and pensioners have been eligible for Dearness Allowance (DA) and Dearness Relief (DR). From January to March, arrears will be paid to about one crore pensioners and employees. The government’s annual financial burden will rise by Rs 12,815 crore as a result of this.
Pensioners received a gift as well.
The Seventh Pay Commission’s Dearness Relief (DR Hike) benefit has also been extended to thousands of pensioners. The Dearness Relief (DR) Hike has also been raised by 4% by the cabinet in addition to the DA Hike. Pensioners will receive a 42% dearness reduction. The three-month arrears will also be paid in addition to the pension for the retirees.
Read more: Direct Tax Collection, Taxpayers gave the good news to govt, the first time this record made
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