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DA Hike Tips- The Modi government gave a big gift to central employees and pensioners, 18 months of DA arrears will be available in the budget.

The Indian government, led by Prime Minister Narendra Modi, has announced a significant increase in Dearness Allowance (DA) for central government employees and pensioners. This hike, effective from January 1, 2024, raises the DA from 46% to 50% of the basic salary, providing a substantial boost to the income of approximately 4.9 million employees and 6.8 million pensioners. Additionally, the government has decided to clear 18 months of DA arrears in the upcoming budget, which were previously frozen due to the financial constraints posed by the Covid-19 crisis. This decision not only aims to alleviate the financial burden on employees and pensioners but also reflects the government's commitment to their welfare amidst economic recovery efforts.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/da-hike-tips-the-modi-government-gave-a-big-gift-to-central-employees-and-pensioners-18-months-of-da-arrears-will-be-available-in-the-budget/ar-AA1vn97H ]