Great news for employees & pensioners: Increase in dearness allowance is possible, there will be a big jump in salary on Wednesday

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Great news for employees & pensioners: Increase in dearness allowance is possible, there will be a big jump in salary on Wednesday
Great news for employees & pensioners: Increase in dearness allowance is possible, there will be a big jump in salary on Wednesday

At present, central employees are getting the benefit of 38% dearness allowance and dearness relief, in such a situation, it is expected that before 2023, the decision on DA rates will be taken in the cabinet meeting chaired by PM Narendra Modi on March 15. There is a possibility that 4% DA hike is set after AICPI index, if agreed then DA of employees will increase from 38% to 42%.

Central Employee DA Hike Update: There is good news for 1 crore central employees and pensioners. The wait for 4 percent dearness allowance hike is going to end soon. According to the latest media reports, an important cabinet meeting is going to be held under the leadership of Prime Minister Narendra Modi on Wednesday, March 15, it is believed that in this meeting the government will take a final call on the DA hike. can take a decision. It can also be announced after the meeting, although it has not been officially confirmed yet.

4 percent DA increase fixed

Actually, dearness allowance increases twice a year, depending on the AICPI data released by the Labor Ministry. At present, central employees are getting the benefit of 38% dearness allowance and dearness relief, in such a situation, it is expected that before 2023, the decision on DA rates will be taken in the cabinet meeting chaired by PM Narendra Modi on March 15. There is a possibility that 4% DA hike is set after AICPI index, if agreed then DA of employees will increase from 38% to 42%.

Cabinet meeting on wednesday

If media reports are to be believed, the new dearness allowance rates will be implemented from January 1, 2023, in which case arrears for the months of January and February will also be given. If sources are to be believed, the finance department will issue an order after the proposal is approved in the cabinet meeting to be held on March 15. If this happens, from March 31, employees can get increased salary and pensioners can get increased pension. Not only this, the money for the months of January and February will come into the account along with the arrears. This will benefit 50 lakh employees and 65 lakh pensioners.

Whose salary will increase by how much?

  • If DA becomes 42% then the employee will get Rs 7,560 as DA. That means he will get Rs 720 more. That is, according to the year, there will be a benefit of Rs 8,640.
  • If the basic salary of a government employee is Rs 56,000, then DA at the rate of 38% is Rs 21,280. After an increase of 4 per cent, it will become Rs 23,520. There will be an annual benefit of Rs 26,880.
  • If the basic salary of any employee is Rs 30,000 per month, then his salary will increase by Rs 1,200 every month, according to which the annual gross salary will increase by Rs 14,400.
  • If the basic salary of an employee is Rs 2.50 lakh per month, then his annual salary will increase by Rs 1,20,000. (These figures are shown as an estimate, there may be changes in it)