LATEST CENTRAL GOVERNMENT WORKERS (EMPLOYEES) NEWS

CG WORKERS NEWS

Search This Blog

DEARNESS ALLOWANCE REACHED SIGNIFICANT MILESTONE

with 0 Comment

 DA Touched a Significant Mark of 50%

The Dearness Allowance (DA) has reached a significant milestone of 50%. Effective from January 1, 2024, the key component of salary, DA, has been increased to 50% for all categories of Central Government employees, pensioners, and family pensioners, up from the previous rate of 46%. This achievement marks a momentous occasion as DA reaches the half-century mark in its lifespan. It is a cause for celebration as eligible government employees will now receive 50% of their basic salary as DA in their pay slips.


4th Time 4% Hike in DA

The Dearness Allowance has seen a consistent 4% increase for the fourth time in a row. Starting at 34%, the DA has incrementally risen by 4% in each period. Commencing at 34% in January 2022, the Central Government has progressively raised the Dearness Allowance by 4% in July 2022, January 2023, July 2023, and January 2024, ultimately reaching a total of 50%.


50% DA History in 7th CPC

Tale of 50% DA Journey in the 7th CPC: The 7th Central Pay Commission introduced a fresh formula to compute the Dearness Allowance for the Central Government employees, effective from 1.1.2016. The DA kicks off at 2% in the initial installment starting from 1.7.2016! Witness the rollercoaster ride of DA with increments ranging from a modest one percent to a whopping five percent! Picture this: in July 2019, the rate skyrocketed by 5%, leaping from the existing 12%, and in July 2017, there was a cheeky 1% hike from the prevailing 4%! It is noteworthy that it took 96 months for DA to achieve the significant milestone of 50%. Please refer to the chart below to observe the progression that DA has undergone throughout the 7th Pay Commission.

MR. MODI JEE GRANTED 4% DA FOR CENTRAL GOVERNMENT EMPLOYEES

with 0 Comment

 


Big News for Central Government Employees Today!

Cabinet Approves 50% DA Hike from 1 1 2024 to Central Govt Employees and Pensioners

Cabinet Approves 50% DA Hike from 1 1 2024: The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has granted approval for an additional instalment of Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners, effective from January 1, 2024.


This decision entails a 4% increase from the current rate of 46% of the Basic Pay/Pension, aimed at mitigating the impact of inflation. The financial implication of this adjustment, encompassing both Dearness Allowance and Dearness Relief, amounts to Rs.12,868.72 crore annually. Approximately 49.18 lakh Central Government employees and 67.95 lakh pensioners will benefit from this measure, which aligns with the prescribed formula based on the recommendations of the 7th Central Pay Commission.


Old Dearness Allowance – 46%

Additional Dearness Allowance – 4%

Current Dearness Allowance – 50%


Recent Links

Featured post

GDS Pay and Arrears Calculator (Updated June 2018)

GDS Pay and Arrears Calculator (Updated June 2018) Gramin Dak Sevaks Matrix Wage Arrears Calculator as per Cabinet Decision taken on 6....

TRENDING

Blog Archive

Total Pageviews