Retail inflation has come down to 5.66 percent from the RBI’s upper limit of 6 percent in March 2023, but it is still far from the Reserve Bank’s target of 4 percent, so inflation remains. Keeping in mind the rising inflation, the government gives DA-DR to the employees and pensioners.

Earlier, a revision of 4 per cent was done last month, which became effective from January 1, 2023. After the 4 per cent hike, the DA of central government employees has increased to 42 per cent. DA was increased by 4 percent in September 2022, which became effective from July 2022.

There will be an increase in salary and pension-

According to the report, now a further increase of 3-4 percent in DA is expected for the 7th Pay Commission, which will be effective from July. As per the latest data, there are 47.58 lakh central government employees and 69.76 lakh pensioners. According to the CPI-IW data released by the Labor Bureau under the Ministry of Labor and Employment, the government sets the rate of Dearness Allowance.

Revision happens every year in January-July-

DA and DR are revised twice a year in January and July. Dearness allowance is given to government employees, while dearness relief is given to pensioners. DA is given to the employees on the basis of basic salary of the employees, while DR is given on the basis of basic pension.

The Jharkhand government on Thursday increased the dearness allowance for its employees from 34 per cent to 42 per cent. The decision to increase the rate of DA was taken in the state cabinet meeting chaired by Chief Minister Hemant Soren. The DA has been increased as per the approved formula based on the recommendations of the 7th Central Pay Commission.

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The state government has announced to increase the dearness allowance (DA Hike) along with restoring the old pension for government employees. The announcement of DA hike by the government will benefit 2.15 lakh employees and 1.90 lakh pensioners. The DA has been increased by 3 percent for the employees and pensioners from the Himachal government. Now 34 percent DA will be available as against the earlier 31 percent.

The burden of 500 crores will be on the exchequer

According to the information given by the government, 3% DA hike will put an additional burden of about 500 crores on the exchequer of Himachal Pradesh government. Apart from this, CM Sukhwinder Singh Sukhu also announced a monthly allowance of Rs 1,500 to 9,000 women of Spiti who are above 18 years of age from June 2023. Let us tell you that DA and DR are increased twice a year by the government. Dearness Allowance (DA) is given to government employees and Dearness Relief (DR) to pensioners.

1.36 lakh employees will be benefited, on the other hand, the Himachal government has issued a notification to restore the old pension scheme from April 1, 2023. This will benefit 1.36 lakh employees of the state government. These employees will not face deduction under the National Pension Scheme (NPS). The Chief Secretary of the state has issued a notification to implement OPS. Let us tell you that during the assembly elections 2022, the Congress had promised to restore the old pension (OPS).

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Now on the same lines, different state governments are increasing the dearness allowance. Now the dearness allowance of Jharkhand government employees can be increased. On the lines of the Centre, a proposal for DA hike has been prepared in the state as well. A proposal has been prepared by the Finance Department to transfer the dearness allowance of state employees to the Centre.

DA expected to be 42 percent

A decision on this has to be taken in the cabinet meeting of the state government. If the government agrees to increase the dearness allowance of the employees, then it is expected to increase to 42 percent. Right now the state government employees are getting 38 percent DA, in which it is expected to increase by 4 percent. The DA hike will come into effect from January 1, 2023, after a decision on this is taken by the government.

There will be an additional burden of Rs 45 crore.

An official said that this decision will benefit 19,300 lakh employees and pensioners. The increase in DA will put an additional burden of about Rs 45 crore on the state government. Due to the increase in DA, the employees working under the state government will benefit from Rs 500 to Rs 9000. DA of pensioners and family pensioners will also be increased..

Recently increased DA of central employees

Modi government has recently decided to increase DA and DR of central employees by 4 percent. After this increase, about one crore employees and pensioners will be directly benefited. After this, the DA of the employees has increased from 38 percent to 42 percent.

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According to the information received from the government, employees can get double good news in the new year. Apart from DA Hike, the government is also going to take a big decision on the Fitment Factor.

DA will get 41 to 43 percent

Let us tell you that the dearness allowance of the employees can be increased at the rate of 4 or 5 percent, after which the dearness allowance received by the employees can be from 41 to 43 percent. Apart from the increase in DA, the employees will also get many special gifts.

Due to the bumper increase in DA, there will be a huge increase in the salary of the employees. Apart from this, the government can also take a decision on the outstanding arrears of 18 months. The demand for arrears of 18 months has been going on for a long time.

Decision will also be taken on the fitment factor The government can also take a decision on the fitment factor. The fitment factor has been getting 2.57 times since the year 2016, but at present the central employees are demanding to increase it to 3.68 times. If any kind of decision is taken on this by the government, then there will be a big increase in the salary of the employees.

How much was the salary increased last time? 

Let us tell you that last time when the government had increased the fitment factor, the salary of the employees had increased three times. The salary of the employees was directly increased from 6000 to 18000. This time if the government accepts the demand of the employees, then the salary will increase from 18,000 to 26,000.

Lakhs of people got the benefit, let us tell you that the government had recently decided to increase the DA, after which the DA of the employees increased by 4 percent to 38 percent. 48 lakh employees and 68 lakh pensioners got a big benefit from this decision of the government.

The post 7th Pay Matrix Update: Employees will get double bonanza in the new year, fitment factor will increase with DA, government has given information! first appeared on Rightsofemployees.com.