Big news about DA hike of central government employees benefited by more than 1 crore people. Big news about DA of central employees, more than 1 crore people will get benefit


Photo:FILE More than 1 crore people will get benefit

DA Hike of Central Government Employees: It has not been even a week since the budget was presented, until then another good news has come from the central government for the common citizens. This will directly benefit more than 1 crore government employees and pensioners. It was long awaited. Discussion has also started on the proposal to give information about it to the Finance Ministry. The government is going to increase the dearness allowance. A formula has been agreed upon for this. Let us tell you, dearness allowance for employees and pensioners is calculated on the basis of Consumer Price Index for Industrial Workers (CPI-IW) released by Labor Bureau every month. The Labor Bureau is a part of the Ministry of Labour.

benifited by more than 1 crore people

Image Source : FILE

There will be an increase of 4 percent

There will be an increase of 4 percent

The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from the existing 38 per cent. A formula has been agreed upon for this purpose. Shiv Gopal Mishra, general secretary of the All India Railwaymen’s Federation, said that the CPI-IW for December 2022 was released on January 31, 2023. The increase in dearness allowance works out to 4.23 per cent, but the government does not factor in the DA. In such a situation, there can be an increase of four percentage points in DA. It can be increased from 38 percent to 42 percent. He informed that the Department of Expenditure of the Finance Ministry will make a proposal for increasing DA. In this, its revenue effect will also be told. This proposal will be placed before the Union Cabinet for approval. The increase in dearness allowance will be applicable from January 1, 2023.

The Chief Minister of Tamil Nadu had recently announced

Let us tell you that Tamil Nadu Chief Minister MK Stalin had recently ordered a four percent increase in Dearness Allowance (DA) of permanent employees of temples under the Hindu Religious and Charitable Endowment Department (HR&CE). According to an official release issued by the government, the allowance of temple employees was now increased from 34 percent to 38 percent, which has also become effective from January 1, 2023.

Latest Business News


Source link