A significant piece of news has come out for Central Government employees that is sure to bring them some relief. According to the recent AICPI index data for November 2024, there is an expectation that employees will receive a 56% Dearness Allowance (DA).
In October, the DA score stood at 55.05%, which saw a slight increase to 55.54% in November. This upward trend is promising, and employees are eagerly awaiting the final data for December to see how the numbers will pan out.
Details of the Increase
The anticipated increase in the dearness allowance is based on the average AICPI index calculated over the last six months. Notably, there has been a jump of 0.49% in the DA score for November, which is a positive sign for employees.
It’s important to mention that this increase will also benefit pensioners, ensuring they receive a boost in their existing pensions as well. The new DA rate is expected to take effect from January 1, 2025, providing a timely enhancement to monthly salaries.
What’s Next for Employees and Pensioners
While the final DA score will only be confirmed after the December data is released, the current figures suggest a solid likelihood of reaching that 56% mark.
The increase in dearness allowance is anticipated to lead to a significant rise in the monthly salaries of employees, making a noticeable difference in their take-home pay.
Typically, the government announces the DA adjustments around the time of Holi, and employees, along with pensioners, are looking forward to this expected positive change.
