Dearness Allowance (DA), Dearness Relief (DR) Hike News: The Department of Expenditure (DoE) has announced a hike in the Dearness Allowance rate for Central Government employees and Central Autonomous Bodies employees who were drawing salary on the basis of the 5th Pay Commission. As per the notification, their DA has been increased by 16 per cent. As per norms under the 5th Pay Commission, these employees were drawing 396 per cent of the Basic Pay as DA. After this DA hike order, the new DA rate for these employees will rise to 412 per cent of Basic Pay. And the good news doesn’t end there — these Central Government employees will also be eligible for arrears as the revised DA rate will be applicable from January 1, 2023.
Dearness Allowance Hike News: Full order, notification
As per the notification released by the Department of Expenditure under the Ministry of Finance: “…the rate of Dearness Allowance (DA) in respect of employees of Central Government and Central Autonomous Bodies, who are continuing to draw their pay in the pre-revised pay scale as per 5th Central Pay Commission, shall be enhanced from the existing rate of 396% to 412% of basic pay w.e.f. 01.01.2023.”
Dearness Allowance Hike: Read Full Notification
Subject: Revised rates of Dearness Allowance to the employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised pay scale/Grade Pay as per 5 Contral Pay Commission
The undersigned is directed to refer to this Department’s OM. No. 1/3(2)/2008-E.(B) dated 12th October, 2022 on the subject mentioned above and to say that the rate of Dearness Allowance (DA) in respect of employees of Central Government and Central Autonomous Bodies, who are continuing to draw their pay in the pre-revised pay scale as per 5″ Central Pay Commission, shall be enhanced from the existing rate of 396% to 412% of Basic Pay w.e.f. 01.01.2023.
2. The provisions contained in paras 3, 4 and 5 of this Ministry’s OM. No. 1(13)/97-E (B) dated 3 October, 1997 shall continue to be applicable while regulating Dearness Allowance under these orders.
3. The contents of this Office Memorandum may also be brought to the notice of all organisations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.
Dearness Allowance Hike: DA, DR Hike News
The Department of Expenditure had announced an increase in Dearness Allowance rate for Central Government and Central Autonomous Bodies who were receiving salary as per the 6th Central Pay Commission. The notification issued in April this year, announced that the DA rate for these employees was hiked from 212 per cent to 221 per cent, and arrears were payable from January 1, 2023.
What is the DA news from January 2023?
In January 2023, the Dearness Allowance (DA) for central government employees and pensioners was increased by 4%. The new DA rate is 412% of basic pay, up from 396%. This means that employees will now receive an additional 4% of their basic pay as DA. The DA hike will benefit over 47.58 lakh employees and 69.76 lakh pensioners.
The DA hike is in line with the government’s commitment to provide a fair and just salary to its employees. The government has also announced that the DA will be reviewed every six months, and that any further increases will be based on the Consumer Price Index (CPI).
The DA hike is a welcome relief for government employees and pensioners, who have been facing rising inflation. The increase in DA will help to offset the rising cost of living and improve the purchasing power of these individuals.
How much DA will increase in january 2023?
The dearness allowance (DA) for central government employees is likely to increase by 3 to 4% in July 2023. This is based on the calculations of the 7th Pay Commission, which takes into account the Consumer Price Index (CPI) for industrial workers. The CPI has been rising in recent months, and is currently at 132.7 points. If the index number remains at this level, the DA will increase by at least 3%. However, if the index number continues to rise, the DA increase could be higher.
The DA is a cost-of-living allowance that is paid to government employees to help them cope with rising inflation. It is calculated as a percentage of the employee’s basic pay, and is paid every six months. The current DA is 38%, and the proposed increase would take it to 42%.
The DA increase will benefit around 50 million central government employees and pensioners. It will come as a welcome relief, as inflation has been rising in recent months. The increase in DA will help to offset the rising cost of living, and will provide some much-needed financial relief to government employees and pensioners.
What is the new news about DA for central government employees?
Central government employees are currently entitled to a 4% dearness allowance (DA), which was implemented in January 2023. The next DA revision is scheduled for July 2023. The amount of salary increase that employees can expect will depend on the change in the numbers of the new Consumer Price Index (AICPI).
The AICPI is a measure of inflation, and it is used to calculate DA for central government employees. The higher the AICPI, the higher the DA. In April 2023, the AICPI stood at 134.2, which is an increase of 0.68% from the previous month. This suggests that the DA for July 2023 could be increased by at least 4%.
However, the final decision on the DA hike will be taken by the government. The government will take into account a number of factors, including the inflation rate, the economic situation, and the fiscal deficit.
If the DA is increased by 4%, it will mean that central government employees will get an additional 4% of their basic salary as DA. This will be a welcome relief for employees, as it will help to offset the rising cost of living.
The government is expected to announce the DA hike in July 2023. Employees can check the government website or their employer’s website for the latest updates.
What is the expected DA for August 2023?
The expected dearness allowance (DA) for bank employees from August 2023 is 43.19%. This is an increase of 1.47% from the existing DA rate of 41.72% for the period of May 2023 to July 2023. The expected increase in salary at various scales is as follows:
Scale 1: 4.31%
Scale 2: 8.64%
Scale 3: 12.96%
Scale 4: 17.28%
Scale 5: 21.6%
Scale 6: 25.92%
Scale 7: 30.24%
Scale 8: 34.56%
Scale 9: 38.88%
Scale 10: 43.2%
The actual DA for August 2023 will be announced by the government. However, the expected DA of 43.19% is based on the current inflation rate and the government’s policy of linking DA to inflation.