• Source:JND
Add as a preferred

Central Government Employees DA Hike:  The Union Cabinet on Wednesday approved a 3% hike in dearness allowance (DA) for central government employees just before Diwali. The Modi Cabinet formally approved a 3 per cent increase in Dearness Allowance (DA) and Dearness Relief (DR) in its meeting on Wednesday. Following the development, the DA paid to employees will now increase to 53 per cent. The new DA rates will come into effect from July 1, 2024, and it will benefit 10 million central government employees and pensioners.

Central Government Employees To Get 3 Months Arrears

The increase in dearness allowance for central employees will apply from July 2024, which means central employees will also receive DA arrears for three months - July, August and September with their October salary. Earlier, on September 30, the All India Central Government Employees and Workers' Union wrote a letter to Finance Minister Nirmala Sitharaman expressing concern over the delay in announcing the DA/DR hike.

Also Read: Hyundai Motors IPO Day 2: Know Subscription Status, Latest GMP And Other Details

The Union government pays dearness allowance to government employees, while pensioners are paid DR. DA and DR are usually increased or being revised twice a year - January and July. Currently,  over 10 million central government employees and pensioners are receiving a 50 per cent dearness allowance. Earlier in March, the government announced a 4% increase in DA.

Last year Government Announced a DA Hike Before the Festive Session

Last year, the Government declared a DA hike before the festival as well. Amending the DA is a routine task as the government has to amend it every year. Apart from the annual DA hike, central government employees enjoy many benefits.

Also Read: Cochin Shipyard Share Price: Stock Falls 4% As Government Offers To Sell 5% Stake In PSU

Also In News