In a much-awaited move, the union government is expected to hike the dearness allowance (DA) for its central government employees and pensioners post the cabinet meeting scheduled on 15 March, Wednesday.
The proposed hike in DA for central government employees and pensioners has been a topic of discussion for quite some time now. PTI had reported in February 2023 that the government may increase the DA by four percentage points to 42% from the existing 38%. If this is implemented, it will bring cheer to over one crore central government employees and pensioners across the country.
The dearness allowance is a cost of living adjustment allowance paid to government employees and pensioners. The allowance is calculated as a percentage of the basic salary and is revised twice a year, once in January and once in July. The proposed hike in DA will bring some relief to the government employees and pensioners who have been struggling with rising inflation and the high cost of living.
The announcement of the DA hike will come as a much-needed relief to the central government employees and pensioners who have been eagerly waiting for the salary increase. The move will also boost the morale of the employees who have been working tirelessly during these challenging times.
The government has been facing mounting pressure from various employee unions to increase the DA given the rising inflation and the increasing cost of living. With the announcement of the proposed hike in DA, the government has shown its commitment to addressing the concerns of its employees and pensioners.
Overall, the proposed hike in DA is a positive development for central government employees and pensioners. The announcement of the salary increase will provide some relief to the employees and boost their morale. The move also demonstrates the government’s commitment to addressing the concerns of its employees and pensioners.