DA Hike: Before Holi, the central government is going to give a big gift to its employees. According to reports, the government may soon announce a hike in dearness allowance (DA). However, there has been no official statement from the government yet. Earlier media reports were speculating that government employees could get a 3 percent DA hike. But, now recent data indicates that employees may be disappointed. This important news is an important update for government employees.
The announcement may be made before Holi
This time Holi is on March 14. It is believed that the Modi government can give a big gift to government employees by announcing a DA hike before March 14. Not only this, along with dearness allowance, dearness relief (DR) is also expected to increase. This means that the pension of pensioners will also increase. This announcement will be a big relief for both employees and pensioners.
7th Pay Commission rules
According to the rules of the 7th Pay Commission, the dearness allowance is revised twice a year. It is usually announced in March. At the same time, the second hike comes into effect from July 1, which is announced in September. This time the DA hike, which will come into effect from January 2025, is expected to be announced this month i.e. in March. This deadline is important for government employees.
How is dearness allowance decided
The central government increases the dearness allowance in the salary of employees on the basis of the All India Consumer Price Index (AICPIN-IW) for industrial workers. This index reflects inflation and consumer price level in the country. The government takes a decision on DA hike by taking a six-month average of this figure. It is a transparent and scientific process.
How much can DA increase this time
Labour Bureau data shows that CPI-IW has reached 143.7 in December 2024. Based on this, the DA of central employees is expected to increase by 3 percent. This increase will be effective from January 2025. Earlier it was being estimated that government employees could get the benefit of 3 percent DA hike. This information is important for the employees.
How much allowance will be available after the DA hike
Under the 7th Pay Commission, the current dearness allowance is 53.98 percent. After this 3 percent increase, it will become 55.98 percent. Lakhs of central employees and pensioners will get direct benefits from this. This increase will reduce their financial burden.
When will the official announcement be made
Although there has been no formal announcement from the government yet, it is expected that a major update related to DA hike may come in the first or second week of March. This will also be a Holi gift for government employees. This announcement will be a pleasant surprise for the employees.