Big news for central govt employees: Union Cabinet likely to approve 4% DA today
In October last year, the Cabinet increased the dearness allowance and dearness relief by 4 percentage
Ahead of crucial general elections, the Union Cabinet is likely to approve 4 per cent dearness allowance (DA) for central government employees today, sources told Business Today TV.
In October last year, the Cabinet increased the dearness allowance and dearness relief by 4 percentage points to 46 per cent to benefit 48.67 lakh central government employees and 67.95 lakh pensioners.
The release of the additional installment of dearness allowance and dearness relief was applicable from July 01, 2023, Information & Broadcasting Minister Anurag Thakur told reporters after the meeting of the Union Cabinet.
This increase was in accordance with the accepted formula, based on the recommendations of the 7th Central Pay Commission.
With today's 4 per cent hike, the DA will reach 50 per cent.
As per the recommendations of the 7th Pay Commission, if the DA reaches 50 per cent, there will also be a hike in the house rent allowance, children's education allowance, transport allowance, etc.
With these hikes, the central government staff's take-home pay package is likely to increase significantly.
