DA Hike News: Central Government Employees to Receive Increased Dearness Allowance
– The central government has announced an increase in the dearness allowance (DA) for its employees.
– The DA, which is a component of the salary, has been increased from 396% to 412% with effect from January 1, 2023.
– The increase in DA is applicable to central government and central autonomous bodies employees who draw their salary in the pre-revised pay scale/grade pay revised rates of DA.
What is DA and Why is it Important?
Dearness allowance is a cost of living adjustment paid to government employees and pensioners to counteract inflation and rising prices. It is calculated as a percentage of the basic salary and is revised twice a year, in January and July. The DA hike is eagerly awaited by government employees as it directly impacts their take-home salary.
Details of the DA Hike
The increase in DA will benefit around 50 lakh central government employees and 65 lakh pensioners. The decision to increase the DA was made by the government in accordance with the recommendations of the 5th Central Pay Commission.
In an office memorandum issued by Dr. Vivek Dwivedi, Deputy Secretary, Government of India, it has been stated that the DA will be enhanced to 412% from the existing rate of 396% of basic pay with effect from January 1, 2023. The provisions contained in Para 3, 4, and 5 of the Ministry’s Office Memorandum dated October 12, 2022, shall continue to be applicable while regulating the DA under these orders.
The increase in DA will provide relief to government employees and pensioners who have been facing the brunt of rising inflation and prices. It is expected to boost consumer demand and provide a much-needed stimulus to the economy.
Conclusion
The announcement of an increase in the dearness allowance for central government employees is a welcome move that will provide much-needed relief to them. The hike is timely and will help to offset the rising cost of living. It is a positive step towards improving the financial well-being of government employees and pensioners.
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