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India Business News: 7th Pay Commission DA Hike: EPFO had on April 30, 2024, announced a 25% increase in the maximum retirement benefit and death benefit, raising it from
India Business News: In a welcome move for millions of central government employees and pensioners, the government announced a 4% increase in the dearness allowance (DA) and dearness relief (DR), raising the DA rate to 50% in March 2024.
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.