DA hike latest news today: Centre likely to raise dearness allowance by THIS much | 7th Pay Commission, salary hike
DA hike latest news today: After today's likely hike of 4 per cent, the total DA paid to government employees will reach 38 per cent. DA is a part of the salary which is calculated as a specific percentage of the basic salary which is then added to the basic salary.
DA hike latest news today: Dearness Allowance (DA) for Central government employees is likely to be hiked by 4 per cent, according to a report by Zee Business reporter Ambarish. The Union Cabinet which is slated to meet today could give its approval to hike the inflation-linked allowance for government employees. The meeting will be presided over by Prime Minister Narendra Modi.
After today's likely hike of 4 per cent, the total DA paid to government employees will reach 38 per cent. DA is a part of the salary which is calculated as a specific percentage of the basic salary which is then added to the basic salary.
The DA hike will result in an increase in wages for approximately 52 lakh Central government employees. State governments are also likely to follow suit. The hike in DA will come as a major relief to workers amid skyrocketing inflation.
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The DA is revised by the government usually twice in a year -- January and July.
Apart from DA hike, the Union Cabinet could also decide to extend the PM Garib Kalyan Anna Yojana for another 3 months. Besides, a bonus of 78 days for Indian Railways employees would also be on the agenda.