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Big news for central govt employees: Union Cabinet likely to approve 4% DA today

Big news for central govt employees: Union Cabinet likely to approve 4% DA today

This comes just months before the crucial general elections to be held in April-May.

Chetan Bhutani
Chetan Bhutani
  • Updated Mar 7, 2024 11:26 AM IST
Big news for central govt employees: Union Cabinet likely to approve 4% DA today DA hike for central government employees likely today

Ahead of crucial general elections, the Union Cabinet is likely to approve 4 per cent dearness allowance (DA) for central government employees today, sources told Business Today TV. In October last year, the Cabinet increased the dearness allowance and dearness relief by 4 percentage points to 46 per cent to benefit 48.67 lakh central government employees and 67.95 lakh pensioners.

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The release of the additional installment of dearness allowance and dearness relief was applicable from July 01, 2023, Information & Broadcasting Minister Anurag Thakur told reporters after the meeting of the Union Cabinet. This increase was in accordance with the accepted formula, based on the recommendations of the 7th Central Pay Commission.

With today's 4 per cent hike, the DA will reach 50 per cent. As per the recommendations of the 7th Pay Commission, if the DA reaches 50 per cent, there will also be a hike in the house rent allowance, children's education allowance, transport allowance, etc. With these hikes, the central government staff's take-home pay package is likely to increase significantly.

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ABOUT THE AUTHOR

Chetan Bhutani
Chetan Bhutani

Chetan Bhutani is a New Delhi-based economic policy journalist with ten years of experience in reporting and breaking stories about economic policy pertaining to India's infrastructure and financial sector, including highways, finance, railways, shipping, telecom, petroleum, and natural gas and currently works as an Associate Editor for Business Today TV. He is a journalist who works across multiple platforms and languages and offers in-depth coverage of the auto industry, regulations, new products, and reviews. Also, he has extensively reported about the actions taken by investigative authorities in relation to corporate and bank frauds as well as significant insolvency cases. Bhutani keeps a tight eye on all aspects of the government's public policies, from their creation to their implementation. In addition to his job, Chetan enjoys scheduling official appointments, travelling, going on road trips, playing cricket, and squash. Also, he is passionate about addressing climate change and road safety. He is a public policy enthusiast and has a master's degree in Public Administration.

Published on: Mar 7, 2024 11:09 AM IST