The centre introduced a rise in Dearness Allowance (DA) of Central authorities workers by 4 per cent to 50 per cent, Union Minister Piyush Goyal introduced on Thursday.
The elevated allowance will probably be efficient from January 1, 2024.
The announcement comes weeks forward of the essential Lok Sabha elections 2024 and can profit over 48 lakh central authorities workers and round 70 lakh pensioners.
#Cabinet has accredited the choice to hike dearness allowance for central authorities workers and pensioners by 4 %.
▪️Now the #DA will attain to 50%.
▪️Home Lease allowance will probably be elevated. Now gratuity restrict has reached to 25 lakh rupees – Union Minister @PiyushGoyal… pic.twitter.com/jRcmR88W5y
— All India Radio Information (@airnewsalerts) March 7, 2024
The mixed affect on the exchequer on account of each DA and Dearness Aid can be Rs 12,868 crore every year.
The federal government has additionally elevated the Home Lease allowance together with DA. “Now gratuity restrict has reached to 25 lakh rupees,” Union Minister Piyush Goyal mentioned.
A authorities assertion mentioned that the rise is underneath the accepted system, which relies on the suggestions of the Seventh Central Pay Fee.
The final DA hike was introduced in October final 12 months, with a 4 per cent elevate, elevating it to 46 per cent.
Dearness Allowance is a element of the wage construction designed to offset the affect of inflation and raises the general remuneration of the central authorities workers.
