DA & DR Hike: It is believed that there will be an increase of 4 percent in the dearness allowance on the basis of AICPI of the last six months. The current DA is 38 percent. In the coming time, it will increase to 42 percent.
7th Pay commission Latest News: If you are a central government employee or there is a central employee in your family, then this news will make you happy. The wait for the increase in dearness allowance by the central employees is going to be completed in the next 24 hours.
The hike in DA Hike will be approved in the Modi Cabinet meeting to be held on Wednesday. It is believed that on the basis of AICPI of the last six months, there will be an increase of 4 percent in the dearness allowance. The current DA is 38 percent. In the coming time, it will increase to 42 percent.
The new DA will be applicable from January 2023.
It is expected to be announced by PM Modi after the meeting of the Union Cabinet on Wednesday. The increased dearness allowance from the government will be applicable from January 2023. Employees will get arrears of two months in the salary of March. The hike in dearness allowance will be formally approved in the cabinet meeting to be held on Wednesday. It was expected to be approved before the first Holi.
Arrears will be received in the salary of March.
It is expected to be approved by PM Modi himself in the cabinet meeting. After this it will be notified by the Finance Ministry. Sources claim that the employees will get the increased dearness allowance in the March salary only. Since this allowance is to be implemented from January 2023, the employees have to get arrears for January and February.
1000 rupees will increase every month
Dearness Allowance (DA) will increase from 38 percent to 42 percent. The total increase in Pay Band 3 (with a basic salary of Rs 18,000) will be Rs 720 per month. That is, arrears of Rs 720X2=1440 for January and February will also be given along with March salary. If your basic salary is Rs 25,000, then at present you will be getting dearness allowance of Rs 9500. But when DA increases to 42 percent, it will become Rs.10,500. That is, there will be an increase of Rs 12,000 in your salary annually.
Pensioners will also get relief
Lakhs of pensioners of the country are also prepared to be given gifts by the Modi government. Along with DA Hike, the government is also going to increase Dearness Relief (DR Hike) by 4%. Pensioners will be paid dearness relief at the rate of 42%.
