According to reports, the state government can increase dearness allowance (DA) by 4 percent. Along with this, there is also a possibility of giving bonus to non-gazetted employees.

Dearness allowance will increase soon

Sources say that the state government led by Chief Minister Yogi Adityanath will take this decision after the central government announces a hike in dearness allowance. The central government may announce a hike in dearness allowance in the last week of September or the first week of October. This hike in dearness allowance will benefit about eight lakh employees of the state government. However, this move will put an additional burden of about Rs 3,000 crore on the state government treasury.

Non-gazetted employees will get bonus

Along with dearness allowance, non-gazetted employees are also expected to be given bonuses. Bonuses are determined on the basis of basic salary and dearness allowance. Last year employees received a bonus of around Rs 7,000, and this year the amount may be slightly higher.

Discussion on the formation of 8th Pay Commission

The demand for the formation of the 8th Pay Commission has been raised by the employee association. However, at present there is no such proposal under consideration with the government. On July 30, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha that two requests were received for the formation of the 8th Pay Commission in June 2024. But at present there is no such proposal with the government. It is worth noting that the 7th Pay Commission was constituted in February 2014 and its recommendations were implemented from January 1, 2016. Usually, the Central Government constitutes a Pay Commission every 10 years to revise the salaries of government employees.

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Every year between July and September, the employees working under the central government wait for the increase in DA, and this time too they are expected to get relief. This increase is done twice a year under the 7th Pay Commission. This time the increase will benefit lakhs of central employees and pensioners. The wait for the government’s announcement may end after the cabinet meeting to be held on September 25.

When will the DA hike be announced?

According to media reports, there is a possibility of a 3% increase in dearness allowance. Its basis is the data of AICPI IW index from January to June 2024. In June, the index registered an increase of 1.5 points, after which it was decided that employees would get 3% increased DA from July 2024. After this increase, dearness allowance will become 53%. It is believed that this issue has been included in the agenda of the cabinet meeting to be held on 25 September.

Also Read:- Bonus Share Rule : SEBI reduces bonus shares allotment time to T+2 effective 1st October

How much will the salary increase?

The 3% increase in dearness allowance will also directly increase the salary of the employees. For example, employees who get a monthly salary of Rs 50,000 will see an increase of about Rs 1,500 in their salary. This increase will provide relief to lakhs of central government employees, especially in times of rising inflation.

How much was DA increased in January 2024?

Earlier in January 2024, the central government had increased the DA of central employees by 4%, taking the dearness allowance to 50%. At that time also, employees and pensioners got a lot of relief. The increase in DA / DR usually comes into effect from January 1 and July 1, but it is announced later. Therefore, employees and pensioners will also be given arrears of the previous period.

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The post 7th Pay Commission: Good News! DA Hike For Central Govt Employees Likely To Be Announced On This Date first appeared on Rightsofemployees.com.

According to the news, the Central Government is going to increase the Dearness Allowance (DA) for its more than one crore employees and pensioners from the existing 38 percent. This can now be increased by four percentage points to 42 percent. A formula has been agreed upon for this purpose.

DA may be increased from 38 percent to 42 percent

In fact, dearness allowance for employees and pensioners is calculated on the basis of Consumer Price Index for Industrial Workers (CPI-IW) released by the Labor Bureau every month. The Labor Bureau is a part of the Ministry of Labour. Shiv Gopal Mishra, General Secretary of All India Railwaymen’s Federation, said in this regard that the CPI-IW for December 2022 was released on January 31, 2023. The increase in dearness allowance works out to 4.23 percent. But the government does not take decimals into 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.

The increase in dearness allowance will be applicable from January 1, 2023.
Shiv Gopal Mishra, general secretary of the All India Railwaymen’s Federation, said that the expenditure department of the finance ministry would make a proposal for an increase in 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.

What is dearness allowance

DA is the living adjustment allowance given by the government to the public sector employees and pensioners. Its calculation is done as a percentage of the basic pay of government employees. The Center had announced the DA hike for its employees before Diwali last year. After this, many states like Uttar Pradesh, Haryana, Punjab, Delhi, Chhattisgarh, Assam, Rajasthan, Jharkhand, Odisha had increased the dearness allowance of their employees.

The post DA hike Updates: The increase in dearness allowance will be applicable from January 1, 2023, know details first appeared on Rightsofemployees.com.