DA Hike News: A big decision can be taken in the cabinet meeting chaired by Prime Minister Narendra Modi.
A big decision can be taken in the CCEA meeting to be held in the evening in the cabinet meeting. There can be a decision to increase the dearness allowance (DA) for the central government employees.
DA is usually revised twice a year – in January and July, with the announcement regarding the DA hike coming before Holi in March 2024, so the March salary is going to be bumper.
There is a proposal to increase Dearness Allowance (DA) by 4%. After this increase, DA will increase from 46% to 50%. Existing 50 lakh central government employees and 62 lakh pensioners will get benefits. It is proposed to implement DA from January 1, 2024.
Dearness Allowance is money that is given to maintain the standard of living of government employees despite rising inflation. This money is given to government employees, public sector employees and pensioners. Its calculation is done every 6 months according to the current inflation of the country. It is calculated according to the basic salary of the employees based on the respective pay scale. Dearness allowance may be different for employees in urban, semi-urban or rural areas.
