Soon the festival of Holi, but prior to this event, the government is about to announce a huge present for the employees. As a result, there will be a bumper hike in the dearness allowances of the personnel. Consequently, salary and pension would see an excellent increase for 1 crore central employees. Let’s delve into the details of this update associated with the DA increase.
Currently, The Employees Avail DA As Follows –
Presently, the DA is available to all central employees and pensioners at the rate of 53 percent. The employees would mostly take care of dearness allowance and dearness relief on this month. But that is going to be well in a few days because the next one is going to be increased from the minimum under the support of the data of AICPI index from July to December 2024 by the Ministry of Labor. Here comes the assumption of up to three percent increase to DA. In some cabinet meetings before Holi, then the announcement could be made.
DA Adjustment Is In March For Employees-
This is expected because government sees the data of DA of the employees from July till November then the AICPI index can go up to 144.5 and DA score might reach 55.05 percentage. In that case situation DA might get raised up to 3 percent. The data for December 2024 is still awaited. After that final report of this Pay Commission (8th Pay Commission) can be extended till January 2025. The applicable dates would be from January 2025. Hence, arrears for 2 months January February would also available. This benefit in the salary of the employees will be provided under the only 7th Pay Commission. Thus, more than 48 lakh central employees and 69 lakh pensioners will get a lump sum benefit.
There Is Going To Be A Huge Increase In DA-
If an employee is given DA, let’s assume of Rs 15 thousand per month, then it will increase by 450 to Rs 15,450, so these employees are given an additional amount of up to Rs 450 every month. This will apply to pensioners, the pension of these employees going up to Rs 270. The pension will further be increased to Rs 3,750.
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