Bumper jackpot on Diwali, not just 3, you will get 8% DA hike in one go

News India Live, Digital Desk: Employees and pensioners of central and state governments often wait for an increase in their Dearness Allowance (DA – Dearness Allowance) or Dearness Relief (DR – Dearness Relief). This directly affects their salary and pension. Usually, this increase is in the range of 3-4%, but just before this Diwali, there is a big good news for some employees which is no less than a ‘jackpot’! While everyone’s expectations were of 3% or 4% DA hike, for some special sections 8% DA increase in one stroke Has been announced.

Who will get the benefit of this 8% DA increase?

This shocking 8% DA increase is not being given to every government employee, rather it will benefit only a specific category of employees. Generally, such huge and unexpected hikes are given to those Central or State Government employees who belong to a particular pay scale or Central Public Sector Units (PSUs), and whose DA calculation basis or policy is slightly different.

• Potential Beneficiaries: According to sources, this announcement Non-Unionised Workers/Employees of Central Public Sector Undertakings (CPSEs) Could be for. These are those employees who are given Industrial Dearness Allowance (IDA).
• Impact on Industrial Dearness Allowance (IDA): DA rates are revised every quarter (three months) for employees receiving IDA, and are based on CPI-IW (Consumer Price Index – Industrial Workers) data. If there has been such a huge increase in IDA rates, it means that the inflation figures have also increased in the same proportion.

How much benefit will the employees get?

8% DA hike means a significant increase in the in-hand salary of the employees.

• For example, if an employee’s basic salary is Rs 30,000, then an increase of 8% will directly increase his salary by Rs 2,400 every month.
• Along with this, DA also plays a big role in calculating the allowances like gratuity and provident fund received after retirement.

Important points:

• Not for Central Government employees: It is important to note that this announcement is not currently for the lakhs of central employees who receive ‘normal’ Dearness Allowance (DA) under the 7th Pay Commission. There will be a separate announcement for them, which usually happens twice every year (in January and July).
• Impact on state government employees also: If any state government has also calculated DA for its employees under a similar policy, then the employees there can also get similar benefits.

This DA increase is a big relief for the employees who will get its benefit, especially in this era of inflation, it will strengthen them financially before Diwali.