Da Hike News Today

Latest on DA hike: The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This hike in DA to 50% also increased various components of a central government employee’s salary.

India Business News: The recent 4% hike in Dearness Allowance (DA) for central government employees and retirees has led to an increase in several allowances, with an aim to provide relief from rising prices. Here’s how this hike impacts various benefits for central government employees and pensioners.

The Dearness Allowance (DA) for central government employees was increased by 4% to 50%. Dearness relief (DR) for retirees of the central government has been increased by 4% to 50% to counteract price hikes.

HRA hike for central govt employees: After DA hiked to 50%, several other allowances including HRA of the central government employees, will also be increased. The 7th Pay Commission recommended that the rates of HRA be revised to 30%, 20%, and 10% of basic pay in X, Y, and Z cities, respectively, when DA reaches 50%. Will the central government release a separate order mentioning the hike in HRA as DA reaches 50% now? How much will the hike be in HRA now? When can central government employees e...

Dearness allowance (DA) hiked: Here is look at six things to know about the basic pay hike according to an Office Memorandum (OM) released by the Ministry of Finance.

The rise in DA, effective from January 1, will benefit 68,818 state government employees and 33,200 pensioners, they said.

Karnataka CM Siddaramaiah said that for those employees on central pay scale, the DA has been increased to 50 per cent from the existing 46 per cent. | Bengaluru News

Karnataka government increases dearness allowance for employees ahead of Lok Sabha elections. State Chief Minister Siddaramaiah raises DA from 38.75% to 42.5% of basic pay, benefiting pensioners as well. The hike, costing Rs 1,792.71 crore annually, is effective from January 1, 2024. Additional DA increase to 50% for UGC/AICTE/ICAR and NJPC pay scale employees. Last hike in October 2023.

DA and DR are normally upped twice annually. The last one was in October 2023, when DA went up by 4 per cent to 46 per cent. Present inflation data suggests that the next hike will likely be 4 per cent, taking it to beyond 50 per cent.

The amount of hike in DA and dearness relief (DR) is decided by the central government on the basis of the All-India CPI-IW data. This time, after the 4% DA hike, dearness allowance and dearness relief will increase to 50 per cent.