DA Hike: Wednesday brought great news for central employees. Narendra Modi government has given a big gift before Diwali by increasing the dearness allowance of central employees by 4 percent.
PM Modi Cabinet on 4% DA Hike: Wednesday brought great news for central employees. Narendra Modi government has given a big gift before Diwali by increasing the dearness allowance of central employees by 4 percent. After this, the DA received by them has now increased from 42 percent to 46 percent. It was already expected that central employees might get 4% DA hike this time too. This decision of the government will benefit about 1 lakh central employees and pensioners of the country and they will see a strong increase in their salary and pension.
Dearness allowance increased from 42% to 46%!
After the Union Cabinet of Narendra Modi Government (Modi Govt) increased the dearness allowance of central employees by 4 percent (4% DA Hike), now it has increased to 46 percent. Its benefits will be available from July 1, 2023. With the increase in DA, there will be a jump in the salary of the employees as well. For the year 2023, the government had made the first amendment and announced DA Hike on March 24, 2023, when 38 percent DA was increased by 4 percent to 42 percent. After this, the benefit of this increased dearness allowance is available to employees and pensioners from January 1, 2023.
Changes are made twice every year
Dearness allowance plays an important role in the salary of central employees. The government amends DA twice a year. The benefits of which are given to them from 1st January and 1st July. It is noteworthy that about 52 lakh employees work under the Central Government in the country and there are 60 lakh pensioners, who will benefit from this big decision of the government.
Employees’ salaries will increase by this much
Talking about the increase in the salary of central employees after DA Hike, if a central government employee gets a basic pay of Rs 18,000, then the dearness allowance of the employee is currently Rs 7,560 at the rate of 42 percent, whereas in this 4 After the percentage increase, if calculated according to 46 percent, it will increase to Rs 8,280. That means, there will be a direct increase of Rs 720 in his salary.
If we calculate the increase in the salary of officers getting maximum basic pay after 4 percent DA hike, then an employee getting Rs 56,900 basic pay gets DA of Rs 23,898 at the rate of 42 percent, which at 46 percent will be Rs 26,174. Will be done. That means the salary will increase by Rs 2,276.
This is how the government takes the decision of DA Hike
The direct impact of changes in dearness allowance is visible in the salaries of central employees. Due to increase in this, the salary in the hands of the employees also increases. Talking about taking a decision on this, the government decides it keeping in mind the inflation rate data. The higher the inflation, the greater the increase in DA of employees is expected.
For this, CPI-IW data is considered as the standard. In July 2023, CPI-IW had increased by 3.3 points to 139.7. If compared with the same period a year ago, it was about 0.90 percent more. Earlier in June 2023 it was 136.4 and in the month of May it was 134.7.
Apart from DA, the cabinet took these big decisions
Apart from giving approval to give 4 percent DA hike to central employees, many big decisions have also been taken in the meeting of Modi Cabinet. The cabinet has also approved the bonus for railway employees. Apart from this, an increase of Rs 150 in the Minimum Support Price (Wheat MSP) of wheat has also been approved by the government. Now, a mega solar power transmission line from Ladakh to Haryana has also been approved in the cabinet meeting held on Wednesday.