What is the detail

Talking to reporters in Raipur, CM Sai said, “There is a cabinet meeting today at 11:30 am. Our government has decided that all state employees are currently getting 46 percent DA, we are increasing their DA by 4 percent. From now on, they will get 50 percent DA.” The Chhattisgarh Chief Minister’s Office said that the revised 50 percent dearness allowance will be effective from October 1. After this announcement by Vishnu Dev Sai, about 4 lakh employees and more than one lakh pensioners of the state will be directly benefited. Let us tell you that earlier this month, Chhattisgarh Chief Minister Vishnu Dev Sai met Prime Minister Narendra Modi at his residence.

Central employees also got good news!

Even before the festival of Dhanteras and Diwali, the Modi government has given a gift to millions of employees of the country. The Union Cabinet led by Prime Minister Narendra Modi has approved the decision to release DA on Wednesday. Although the Union Cabinet has taken this decision for central employees, but as soon as the green signal is received from the Center, the announcement of increasing DA will be made in all the states of the country. Along with increasing DA by 3 percent, the Union Cabinet has also announced to give three months’ arrears to the employees.

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This decision will be finalized in the upcoming cabinet meeting, and it can be announced around Diwali, i.e. around 31 October 2024. The increase in dearness allowance will provide relief not only to government employees but also to pensioners.

How is DA hike calculated?

Dearness Allowance is calculated on the basis of All India Consumer Price Index (AICPI). This index monitors retail price movements and is revised twice a year. The purpose of increasing DA on the basis of this index is to protect government employees from the effects of inflation. In view of the continuous increase in retail prices and the difficulties faced by common people in making a living, this announcement is considered very important.

Current DA rate and possible hike

Currently, central government employees are getting 50% dearness allowance. If the government implements this scheme, the new rate of DA can increase to 53% from July 1, 2024. This will mean that government employees will get more salary than before. Also, the arrears of the months of July, August and September will also be given to the employees, due to which they are likely to get a large lump sum amount.

More than one crore employees will get benefit

More than 1 crore central government employees and pensioners will benefit from the 3% increase in dearness allowance. This step is being taken at a time when inflation and price rise are increasing the pressure on the livelihood of common citizens. The increase in DA will provide some relief to the employees and they will be in a better position financially during the festive season.

When was the last time DA was increased

Last year also, the central government had announced a hike in DA before the festive season, which benefited employees and pensioners before Diwali. At that time also, the government had taken this step keeping in mind inflation. There is a possibility of increase in DA by the government every year before Diwali so that employees can get better financial support during festivals.

State governments are also giving relief to the employees

Before this scheme of the central government, the Himachal Pradesh government had also announced a 4% DA hike for its employees and pensioners. This announcement was made just before Dussehra, which is benefiting about 1.80 lakh employees and 1.70 lakh pensioners of Himachal Pradesh. Such announcements for employees are made by the state governments keeping in mind the financial health of the state and the general public.

Impact of increasing DA on employees

The increase in DA improves the purchasing power of the employees. With the increasing level of inflation, the needs of the common man are also increasing. In such a situation, this increase will act as a relief for the employees. Along with this, by getting the outstanding amount, they will get additional money during the festivals, so that they can celebrate the festival in a better way.

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The post DA Hike 2024: Govt may soon announce a 3% increase in dearness allowance (DA). know latest update first appeared on Rightsofemployees.com.

In March itself, the dearness allowance of central government employees was increased by 4 percent, which has increased their DA to 50 percent. In the same sequence, to reduce the impact of rising prices, dearness relief (DR) for retired central government employees has also been increased by 4 percent to 50 percent. As a result, the salary and pension of central government employees has increased.

The government issued a circular

Now that DA has touched the 50% mark, some other allowances will also increase. These allowances also include House Rent Allowance (HRA). According to a circular issued by the Department of Personnel and Training on July 4, 2024, “Attention is invited to the following orders issued recently by the Department of Expenditure/DoPT and it is requested that after increasing the Dearness Allowance from 4% to 50%, the following allowances may be paid at the increased rates of 25% from the existing rates from 01.01.2024.”

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Increase in these allowances

There will be a 25 percent increase in the allowance given to employees working in tough locations. The allowances given under this have been divided into three parts. Apart from this, vehicle allowance, special allowance for children of handicapped women, allowance for children, education allowance, house rent allowance, dress allowance, duty allowance and deputation duty allowance have been increased by 25 percent.

The post DA hike 2024: Good news for govt employees, apart from DA, these allowances also increased by 25% first appeared on Rightsofemployees.com.