Overview of The DA Increase
The government has increased the Dearness Allowance (DA) for central government employees to 16%. This significantly boosts their salaries, especially in light of rising prices. The increase is based on recommendations from the Seventh Pay Commission and aims to help employees cope with inflation. The government is still exploring other ways to relieve its employees financially.
Passage Through Cabinet For More Relief
The government has increased the Dearness Allowance (DA) for employees and pensioners by 4%. This means they will now get 50% of their basic salary as DA. This affects millions of government employees and pensioners across India. The government may increase the DA by another 4% soon, which would bring it up to 54%.
State-Level Rise In Rajasthan
The Rajasthan government recently announced a significant increase in dearness allowance (DA) for its employees and pensioners. The central government also made adjustments to DA, but the Rajasthan increase was more generous.
Chief Minister Bhajan Lal Sharma shared on social media that DA for employees in the fifth pay commission rose from 427% to 443%, and for those in the sixth pay commission, it went from 230% to 239%. This translates to a 16% increase for employees and 9% for pensioners.
Updates For Bank Employees
The government has increased the Dearness Allowance (DA) for bank employees to 15.97% of their salary. This is effective from May 2022 to July 2024. The Indian Bank Association (IBA) has announced this change.
Looking Ahead
Central government employees are eagerly awaiting news about the second installment of Dearness Allowance (DA) for the last financial year. The current rate of 50% is expected to increase by 4%, potentially reaching 54%. This potential increase is positive, especially as it will provide additional financial assistance to employees during challenging times.
FAQ
Q1: What is DA?
Ans: Dearness Allowance (DA) is a periodic allowance given to central government employees to compensate for inflation and rising living costs.
Q2: Why is DA being increased?
Ans: The increase in DA is to offset the impact of inflation on the purchasing power of central government employees.
Q3: By how much is DA being increased?
Ans: DA is being increased by 16%.