As Diwali approaches, central government employees and pensioners are likely to get a gift 3% Dearness Allowance (DA) increase. This will increase the existing DA rate 50% to 53%provide relief to more than crore employees and pensioners Across the country. An official decision is expected in next cabinet meetingThe announcement is expected closer to Diwali, which falls on the same day 31 October 2024,
DA hike and arrears
If the increase is confirmed, employees will get Arrears for months Of July, August and Septemberis based on growth All India Consumer Price Index (AICPI)Which tracks retail price fluctuations, and the DA is revised twice annually. The move comes as inflation continues to weigh on household spending, making the increase in take-home pay a welcome move.
Last year’s hike and state-level announcements
Last year, the central government had announced a similar DA hike before the festive season. In Himachal PradeshA 4% DA increase Recently benefits were given to state government employees before Dussehra 1.80 lakh employees And 1.70 lakh pensioners,
Pending a decision from the central government, the expected hike will provide financial relief to lakhs of government employees just in time for the festive celebrations, thereby cushioning the impact of rising prices on household budgets.
