Central Government Employees Get 41% Dearness Allowance (DA) Hike
What is Dearness Allowance (DA)?
Dearness Allowance (DA) is a component of the salary paid to government employees in India to compensate them for the cost of living. It is revised twice a year - in January and July. The DA is calculated as a percentage of the basic salary and is based on the Consumer Price Index for Industrial Workers (CPI-IW).
Latest DA Hike
On 28th September 2022, the Union Cabinet approved a 41% hike in DA for central government employees, which will be effective from 1st July 2022. This hike is the highest in the last 20 years and will benefit over 50 lakh central government employees and pensioners.
Impact of DA Hike
The 41% DA hike will have a significant impact on the salaries of central government employees. For example, an employee with a basic salary of ₹20,000 will now get an additional ₹8,200 as DA, taking their total salary to ₹28,200. This hike will help employees cope with the rising cost of living.
Conclusion
The 41% DA hike is a welcome move by the government and will provide much-needed relief to central government employees. The hike will help them meet their financial obligations and improve their standard of living.
