DA Hike News: This Holi could be special for central employees and pensioners. There are reports that the government may announce a Dearness Allowance (DA) increase before Holi. If this happens, employees will see a significant increase in their salaries and pensions. Typically, the government announces DA for the first half of the year in March, so all eyes are now on the government’s decision.
Dearness Allowance Increases Twice a Year
According to government rules, dearness allowance is increased twice a year. The first increase is for January to June, announced in March. The second increase is for July to December, announced around Dussehra or Diwali. Last year, DA was increased by 3%, bringing the total allowance to 58%. Employees are expecting a significant increase this time, too.
Status of the 8th Pay Commission
The Central Government has constituted the 8th Pay Commission, taking into account employees’ demands. However, its recommendations may take at least two years to be implemented. Until then, the rules of the 7th Pay Commission will remain in effect. The 8th Pay Commission has begun its work and has launched a questionnaire to gather employee feedback to improve the new salary structure.
Beware of Fake Links Pretending to Be Salary Calculators
Amidst the news of the Pay Commission and DA, the government has warned that several fake links are circulating on social media and WhatsApp. These links claim to be salary calculators, but they can be used to steal personal and bank information from cybercriminals. Do not click on any such links and only trust government websites or official information.
Impact of Dearness Allowance Hike
An increase in dearness allowance will result in more money in the hands of employees and pensioners. This will also increase shopping in the market and make the festive atmosphere more joyful. The government takes this step to provide relief from inflation. As soon as the official announcement is made, the increased money will begin being deposited into accounts.
Related Stories
Gadgets
Auto
Business
Entertainment
Business
Gadgets
Gadgets
Gadgets
Auto
Business