Tag: Dearness

  • 7th Pay Commission Good News: Centre Approves Release of Additional Installment of DA to Government Employees and Dearness Relief to Pensioners- Details Here – Kashmir News

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    7th Pay Commission Good News: Centre Approves Release of Additional Installment of DA to Government Employees and Dearness Relief to Pensioners- Details Here – Kashmir News

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    #7th #Pay #Commission #Good #News #Centre #Approves #Release #Additional #Installment #Government #Employees #Dearness #Relief #Pensioners #Details #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • Cabinet clears dearness allowance hike by 4 pc

    Cabinet clears dearness allowance hike by 4 pc

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    New Delhi: In a bonanza for 48 lakh Central government employees and 70 lakh pensioners, the government on Friday hiked dearness allowance (DA) and dearness relief (DR) by 4 per cent with retrospective effect from January 1, 2023.

    The decision was taken in the Union Cabinet meeting on Friday evening.

    According to official sources, the additional instalment will represent an increase of 4 per cent over the existing rate of 38 per cent of the basic pay or pension, to compensate against price rise.

    The cabinet gave its approval to release an additional instalment of DA to Central government employees and DRA to pensioners with effect from January 1, 2023, they added.

    The combined impact on the exchequer on account of both DA and DR would be Rs 12,815.60 crore per annum, the sources added.

    This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

    DA is calculated as per the latest consumer price index for industrial workers. It is revised periodically twice a year and was last revised in September 2022, and was effective retrospectively from July 1, 2022.

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    ( With inputs from www.siasat.com )

  • DA Hike Update: Dearness Allowance to central employees

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    Central employees and pensioners can get a gift of 4 per cent dearness allowance in Navratri, after which the total DA will increase from 38 per cent to 42 per cent.

    This increase in DA and DR will be from January 2023 to June 2023 i.e. for the first half. The new DA can be implemented from January 1, 2023, in such a situation, the arrears of January and February can be given to the employees in April by adding them to the salary of March. This will benefit 50 lakh employees and 65 lakh pensioners.

    Central Employee DA Hike Update: There is good news for central employees and pensioners. After the figures of AICPI index, dearness allowance and dearness relief are expected to increase by 4 percent, it is expected that the Modi government at the center may announce DA hike next week, the new DA will be implemented from January 1, 2023. Can be implemented, although not officially confirmed yet.

    According to media reports, central employees and pensioners can get a gift of 4 percent dearness allowance in Navratri, after which the total DA will increase from 38 percent to 42 percent. This increase in DA and DR will be from January 2023 to June 2023 i.e. for the first half. The new DA can be implemented from January 1, 2023, in such a situation, the arrears of January and February can be given to the employees in April by adding them to the salary of March. This will benefit 50 lakh employees and 65 lakh pensioners.

    Salary will increase from 27000 to 1.20 lakh

    If media reports are to be believed then if DA becomes 42% then the employee will get Rs 7,560 as DA. That means he will get Rs 720 more. That is, there will be a benefit of Rs 8,640 per year. If the basic salary of a government employee is Rs 56,000, then DA at the rate of 38% is Rs 21,280. After 4% increase it will become Rs.23,520. There will be a profit of Rs 26,880 annually.

    If the basic salary of any employee is Rs 30,000 per month, then his salary will increase by Rs 1200 every month, according to this the annual gross salary will increase by Rs 14,400. If the basic salary of an employee is Rs 2.50 lakh per month, then his The annual salary will increase by Rs 1,20,000.

    DA increases twice a year

    Actually, the dearness allowance of central employees and pensioners increases twice a year, depending on the AICPI data released by the Labor Ministry. The Modi government increases the DA of employees every six months, Dearness Allowance (DA) is a part of the salary structure of government employees.

    In the last half year, the government had increased the DA of central employees by four per cent, after which the DA of the employees had increased from 34 per cent to 38 per cent. At present the central employees are getting the benefit of 38% dearness allowance and dearness relief, after this increase it will be 42%.

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    ( With inputs from : kashmirpublication.in )