DA HIKE UPDATE: Central employees and pensioners are wondering when their dearness allowance (DA) will increase. People are seeing and reading a variety of news about the DA hike on social media, and the discussion is accelerating. This time, we anticipate a DA hike of up to 4 percent, which could potentially lead to a significant salary increase.
About one crore families will benefit from the DA hike. You must be wondering when the government will announce the DA hike. Actually, the Modi government can announce the DA hike by the first week of September, i.e., the 7th. This will instill a sense of enthusiasm in everyone, serving as a welcome boost. Employees will no longer receive DA arrears of 18 months. This is a significant setback for employee organizations because they have been demanding it for a long time.
How much percent will DA increase?
Central employees will see a 4 percent increase in their Dearness allowance. Following this increase, the Dearness Allowance (DA) will rise to 54 percent, resulting in a significant increase in salary. In the current circumstances, employees are taking advantage of 50 percent DA. The 4 percent increase in DA rates will take effect from July 1.
Employees are likely to question the extent of the salary increase. If the salary of central employees is Rs 30000, then the 4 percent DA will result in an increase of Rs 1200. There will be an increase of approximately Rs 14,400 throughout the year. Every month, the salary of Rs 40,000 will increase by Rs 1600.
Every year, there will be a recorded increase of Rs 19200, which will prove to be significant. The government increases the DA twice a year. Its rates are considered effective from January 1 and July 1.
The shock of DA arrears hits the employees.
The central government has delivered a significant shock to the central employees regarding their 18-month DA arrears, which are currently stuck. The government has clearly refused to pay the 18-month DA arrears. This was continuously demanded by the employees.
They were hoping that the government would release the DA arrears of 18 months in the financial budget, but this could not happen. The state finance minister has given a big shock by refusing to give money in the Rajya Sabha.