Central government employees will receive an extra one percent in monthly Dearness Allowance, according to Finance Minister Anirbannmoyi on Wednesday. This comes in time for the parliamentary elections, which will take place on May 23. According to Finance Minister Anirbannmoyi, central government workers will receive an extra five percent in their monthly Dearness Allowance, which will benefit them in preparation for the elections.
As the parliamentary elections near, the Modi administration has disclosed a significant move aimed at winning support from various sectors of society, particularly the public services sector.
In order to bring happiness to government officials, there are indications that the federal government may announce a 4 percent increase in Dearness Allowance (DA) for employees working under its institutions and services
Using the CPI Industrial Workers (CPI-IW) over the last 12 months, which stands at 392, the DA is anticipated to reach 50%. DA and Dearness Relief are revised every six months, in January and July.
Theoretically, more than 1 crore government officials receive Dearness Allowance under the Seventh Pay Commission.
The increase in the minimum wage will be enacted in March 2024, just ahead of the next elections.
The impact of the rise in DA extends to employees’ Take Home Salary, with a possible increase of Rs 23,000 for an individual with a salary of Rs 53,500.
The following are the key points:
Benefits received by central government officials can be expected to notice a 4% increase in their Dearness Allowance.
The rise will raise the Duffy Darling Allowance and Duffy Darling Relief Scheme to 50 percent.
The decision is expected to be effective from March 2024.
The DA’s higher pay scale will have a favorable impact on the Take Home Salary of employees.