Sunday , July 21 2024
Home / Business / 7th Pay Commission: Central Government Employees in High Spirits as Fresh Update on DA Hike Emerges

7th Pay Commission: Central Government Employees in High Spirits as Fresh Update on DA Hike Emerges

New Delhi: If you have a central government employee or pensioner in your family, then it seems that fortune is about to shine on them. The Modi government is reportedly planning to open the treasure trove for these individuals, which has been making headlines recently. It is being said that the government is soon going to increase the Dearness Allowance (DA) for central government employees and pensioners by around 4%.

In addition to this, the government is also planning to release the pending DA arrears for the past 18 months. Although the government has not officially announced this, media reports are suggesting that this announcement could be made soon. If this happens, it will indeed be a great gift for many.

Big News About DA:

The Modi government is reportedly planning to increase the DA for central government employees and pensioners by about 4%. This increase could lead to a significant hike in the basic salary of employees. If the government raises the DA by 4%, the total DA would go up to 46%. Currently, employees and pensioners are receiving 42% of DA.

For your information, let me clarify that the Dearness Allowance (DA) for central government employees and pensioners is revised twice a year, effective from January and July. If the DA is increased now, the revised rates would be effective from July 1, 2023, and this could indeed be a substantial gift.

Good News About DA Arrears:

If you are also awaiting the release of your DA arrears for the past 18 months, then the good news might be on its way. The government is reportedly gearing up to credit the pending DA arrears into the accounts of employees very soon, and discussions about this are gaining momentum. It is anticipated that around INR 2,18,000 could be credited to the accounts of employees as pending DA arrears.

Please note that the information mentioned is based on media reports, and official announcements from the government are awaited.