It is projected that the Central Government will receive an unexpected wage increase in 2024. The DA increase for Central Government Employees will take effect in January 2024. For further information, go to the official website doe.gov.in.
DA Hike Central Government Employees
The administration intends to implement the DA increase in 2024. The DA increase for Central Government employees is estimated to reach 50% of the threshold. According to Shiva Gopal Mishra, general secretary of the All India Railwaymen Federation, DA is projected to be increased by 50%.
The administration has finally authorized the overdue DA and DR raises for central government employees and pensioners after more than a year. The DA increase for the government sector could range from 48 to 50%, but the actual percentage would be released later.
|Hike||DA Hike Central Govt|
|Expected Implementation||Starting 2024|
The start of the DA and DR raises in July benefited thousands of central government employees and retirees.
Price Index for DA hike
The Central Government can then increase DA by 48% to 50% based on the percentage increase in the 12-month average of the All India Consumer Price Index for the period ending December 2024. To offset rising costs, the government provides DA to employees and pensioners. The CPI-IW measures the rate at which the expense of living has risen over time.
The allowance is typically changed twice a year.
The most recent Pay Commission Dearness Allowance Increase According to PTI, the Central Government plans to enhance the dearness allowance for Central Government employees by 50%.
Dearness Allowance (DA) Increment
According to the report, the Union Government would most likely increase the Dearness Allowance (DA) and Dearness Relief (DR) rates for its more than one crore employees and retirees by three percentage points, to 45 percent from the existing 42 percent, in accordance with the formula established for that purpose. Mishra stated that the Finance Ministry’s budget division will develop a proposal to enhance DA along with the income implications and present it to the Union Cabinet for approval.
DA/DR increase 2024
When it is announced, the DA/DR increase will go into effect on July 1, 2024. The central government currently employs and pensions around one crore people. They are entitled to DA/DR at a rate of 42% of their base income or pension. The most recent DA rise occurred on March 24, 2024, and went into effect on January 1, 2024. According to media reports, the DA and DR would rise by 3-5% in March 2024, beginning in January 2024. In 2024, the increase might reach 50%.
DA Increment 2024
Mishra stated that the Finance Ministry’s budget division will develop a proposal to enhance DA along with the income implications and present it to the Union Cabinet for approval. When it is announced, the DA/DR increase will go into effect on July 1, 2024. The central government currently employs and pensions around one crore people. They are entitled to DA/DR at a rate of 42% of their base income or pension.
Employee unions have been calling for a change to the fitting criteria that affects their pay. The fitment factor is a standard amount that is applied to the employee’s base pay to determine their overall pay. All central government employees now receive a common fitment benefit of 2.57.
DA (dearness allowance) Hike 2024
The government decides on DA increases based on the country’s inflation rate. If inflation remains high, the DA will almost certainly be raised further. For the last ten months, retail inflation in India has exceeded the RBI’s target range of 2 to 6 percent. This could persuade the government to authorize additional salary rises.