3% boost in DA may be coming for central employees!!!
According to the established formula, the central government may raise the dearness allowance (DA) for its more than one crore employees and pensioners by 3% to 45%. The DA is at 42 percent. The Consumer Price Index for Industrial workers (CPI-IW), which is produced by the Labour Bureau each month, serves as the basis for determining Dearness Allowance for employees and pensioners.
The CPI-IW for june 2023 was announced on July 31, 2023, according to Shiv Gopal Mishra, general secretary of the All india Railwaymen's Federation, according to news outlet Bhasha. We want the dearness allowance to increase by 4%. However, the government has the authority to raise the dearness allowance by 3%. Most certainly, it will be 45%. He also stated that the Union cabinet would need to approve a proposal for an increase in DA that will be prepared by the Ministry of Finance's Department of Expenditure. The increase of DA will take effect on July 1, 2023. The most recent change to the DA was made on march 24, 2023, and it took effect on january 1, 2023.
The dearness allowance was raised earlier in March. Then, beginning on january 1, DA arrears were paid. Then, DA was raised from 38 to 42 percent by 4 percent. Once more, there is a chance that the dearness allowance will increase. Employees will additionally get a 2 month arrears payment due to the arrears being considered applicable as of July 1. This DA rate is under the 7th Pay Commission, which is significant. For employees receiving a salary under the previous Pay Commission, a separate DA rate will apply.
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