Today Centre has approved a hike in DA Dearness Allowance by 3% for central government employees and pensioners before Diwali. Present DA Dearness Allowance was 50%. The proposed increase of 3% by the Central government will raise the DA and DR to 53% of the basic pay, effective from July 1, 2024.
The decision, which was taken on Wednesday in a Cabinet meeting headed by Prime Minister of India Narendra Modi, will benefit over 1 crore central government employees and pensioners. Meanwhile, the 5 states have recently announced a hike in dearness allowance for government employees, offering financial relief amidst increasing inflation and enhancing their overall compensation packages.
