Da Hike Update News Today

7th Pay Commission DA Hike Update: The dearness allowance for central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). The Union government usually revises the dearness allowance twice a year — in January and July. The announcement of an increase in DA generally comes in March. With 4% DA hike, how much will the salary of central government employees increase? Check full calculation here

7th Pay Commission: Apart from DA hike, the Central government employees could also get a hike in their HRA in March 2024. Official announcement in this regard is awaited.

Approximately 14 lakh state government employees, including teaching and non-teaching staff in schools, colleges, and universities, as well as employees of statutory undertakings and parastatals, along with pensioners, are set to benefit from this DA hike. 

West Bengal Chief Minister Mamata Banerjee announced a 4% DA hike for the government employees from New Years Day.

The Railway Board has revised the dearness allowance for its employees from 42 per cent to 46 per cent of the basic pay effective from July 1, 2023. 7th Pay Commission News: Railway Board Announces 4% Hike in DA for Employees.

7th Pay Commission: The hike in dearness allowance and dearness relief will benefit 48.67 lakh central government employees and 67.95 lakh pensioners, respectively.

The central government increased the dearness allowance for its over one crore employees and pensioners by 4 per cent, bringing the total to 42 per cent from 38 per cent. 

7th Pay Commission: If the DA is hiked by 4%, it will lead to a massive salary hike for the Central government employees and there will be a potential increase in the current DA from 42% to 46%.

The finance ministry official, on the condition of anonymity, told India.com that the central government employees could expect a 4 per cent hike in Dearness Allowance this time. -- aaa