The Center in its scheduled cupboard assembly on Wednesday is prone to announce a 4% hike at the Dearness Allowance (DA) for over 50 lakh central govt workers regardless that, the federal government has now not issued any formal understand in regards to the identical.
As in step with the speculations by way of a number of information studies, if the much-awaited announcement is made, then the Center would possibly hike the dearness allowance for staff and pensioners by way of 4 in step with cent to 42% from the prevailing 38%.
Last revision in DA was once finished on September 28, 2022, which was once efficient from July 1, 2022.
Notably, if the DA hike underneath the seventh pay fee is introduced as of late, then the workers may just obtain their revised wage from March 31, 2023. Apart from this, the arrears for the months of January and February can also be added to the overall quantity. According to a file by way of PTI. The DA hike is made in line with the newest Consumer Price Index for commercial staff (CPI-IW), launched by way of the hard work ministry each and every month.
Meanwhile, Minister of State for Finance Pankaj Chaudhary in a written answer within the Lok Sabha on Monday mentioned that the Center has no plan to unencumber the 18 months of Dearness Allowance (DA) arrears which have been stopped within the wake of Covid-19 pandemic.
He mentioned, “The decision to freeze three installments of Dearness Allowance(DA)/Dearness Relief (DR) to Central Government employees/pensioners due from 01.01.2020, 01.07.2020 & 01.01.2021 was taken in the context of COVID-19 , which caused economic disruption, so as to ease pressure on Government finances. As the adverse financial impact of pandemic in 2020 and the financing of welfare measures taken by Government had a fiscal spill over beyond FY 2020-21, arrears of DA/DR which mostly pertaining to the difficult FY of 2020-21 are not considered feasible.”
Dearness Allowance or Dearness Relief is paid to central govt workers or pensioners to regulate their price of residing and to give protection to their elementary pay or pension from erosion in the actual worth. The govt revises the share of dearness allowance two times a 12 months, on January 1 and July 1, the file added.