7th Pay Commission DA Hike Update: Centre to Announce Dearness Allowance Hike For Employees Before Diwali? Check Details Here
Central government employees are eagerly waiting for Dearness Allowance (DA) hike. In a good news for the employees, recent reports suggest that the Central government may announce an increase in the dearness allowance (DA) to provide relief to central employees and pensioners around Diwali on 7th pay commission recommendations.
New Delhi, October 8: Central government employees are eagerly waiting for Dearness Allowance (DA) hike. In a good news for the employees, recent reports suggest that the Central government may announce an increase in the dearness allowance (DA) to provide relief to central employees and pensioners around Diwali on 7th pay commission recommendations.
According to a report in Mint, the decision to raise the dearness allowance will be approved during a cabinet meeting presided over by Prime Minister Narendra Modi. This potential announcement would serve as a welcome pre-Diwali gift for central employees and pensioners if it comes to fruition. 7th Pay Commission DA Hike Update: Centre to Increase Dearness Allowance for Government Employees Ahead of Navratri 2023? Check Details Here.
The cabinet decision on this issue is seen as crucial as the Election Commission may announce the dates for assembly elections in five states at any time. 7th Pay Commission DA Hike Update: Centre To Announce Dearness Allowance Hike This Month? Know Details Here.
Currently, the central government employees and pensioners get a 42% dearness allowance. So, following the revision, the DA is expected to be increased to 46%. If this happens, 46% DA will be effective from July 1, 2023.
Considering the festive season of Navratri commences on 15 October and Dussehra falls on 24 October, the latest hike in DA and arrears would be a timely gift. Also, the decision would benefit 47 lakh employees and 68 lakh pensioners, giving them relief from the burden of rising inflation.
Usually, the DA is revised in January and July. However, this time the announcement regarding the hike in DA is a bit delayed as we have already entered the first week of October.
(The above story first appeared on LatestLY on Oct 08, 2023 01:41 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).