7th Pay Commission: Setback For Govt Employees; 25% Increase In Gratuity Due To Da Hike Kept On Hold By EPFO
DA was hiked to 50 percent in March 2024, consequent to which Gratuity ceiling is automatically hiked as per rules.
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DA was hiked to 50 percent in March 2024, consequent to which Gratuity ceiling is automatically hiked as per rules.
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.
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.
India Business News: The central government has recently announced a 4% hike in Dearness Relief (DR) for pensioners, effective from January 1, 2024. This adjustment will increase the DR to 50% for eligible pensioners. Eligibility and calculation details are provided in a March 13, 2024 Office Memorandum from the Department of Pension & Pensioners’ Welfare (DoPPW). Here's what you need to know about who qualifies for this increase and when they can expect to receive it.
7th pay Commission: The government sanctioned a 4 per cent rise in DA for central employees which will be effective from January 2024.