Government to Announce DA Hike Tomorrow? Expected Increase and Key Details

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Government to Announce DA Hike Tomorrow? Expected Increase and Key Details

^{Published on 2025-03-04 10:21:17 - MSN}

Will the Central Government Raise Dearness Allowance on March 5? With Holi around the corner, speculation is growing regarding a possible increase in the Dearness Allowance (DA) for government employees and pensioners.

The Indian government is set to announce a hike in Dearness Allowance (DA) for its employees and pensioners on October 18, 2023. This increase, expected to be around 3-4%, will be effective from July 1, 2023. The DA hike aims to offset the impact of inflation on the cost of living for approximately 4.8 million central government employees and 6.5 million pensioners. The decision comes after a recent 4% DA hike in March 2023, bringing the total DA to 42%. The announcement will also include details on arrears payment, which will be disbursed in three installments. This adjustment in DA is part of the government's periodic review to align employee benefits with the rising cost of living, as measured by the Consumer Price Index for Industrial Workers (CPI-IW).

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/government-to-announce-da-hike-tomorrow-expected-increase-and-key-details/ar-AA1Adm6X ]

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