DA hike: After the recently announced Unified Pension Scheme, i.e. UPS, the Central Government may soon announce another good news for all its employees and pensioners this month.
According to media reports, the Narendra Modi government at the Center may announce an increase in dearness allowance, i.e. DA, for its employees in September itself. Earlier, there was news that the government would make this announcement in the first week of September, but now there is news that the decision on the increase in DA can be taken in the last week of September or the first week of October.
When can the DA hike be announced…?
Media reports have quoted sources as saying that the central government may announce the increase in DA around the Haryana Assembly Elections. The only phase of voting in Haryana will be held on October 5, and the election results will be declared on October 8. For the past few years, the increase in DA has usually been announced a little before Diwali, but this time the announcement may be made a little earlier.
How much percent will DA increase…?
The DA hike announced by the central government will benefit more than one crore employees and pensioners. It is believed that this increase in DA can be up to 4 percent. According to a source, the central government is expected to increase DA by 3 percent, but it can also be 4 percent.
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There was a 4 percent increase in DA in March
The central government had earlier announced a 4 percent increase in dearness allowance (DA) and dearness relief (DR) in March 2024. Since this announcement, 50 percent DA and DR are being paid to central employees and pensioners. Usually the DA hike to be implemented from July is announced by the central government around Diwali, and the hike to be implemented from January is often announced around Holi in March.
When will we get DA Arrears…?
If the DA hike is announced by the end of September, then employees and pensioners may see an increase in their salary/pension for the month of October. This means that employees will also be given arrears for 3 months from July to September in October itself.
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