Get the latest update on the Union Cabinet’s expected approval of a 4% dearness allowance hike for central government employees. Learn about the potential impact of this decision on employees’ take-home pay packages and other allowances as per the recommendations of the 7th Pay Commission.
In a significant development ahead of the upcoming general elections, the Union Cabinet is poised to greenlight a 4% increase in dearness allowance (DA) for central government employees. Sources close to Business Today TV have revealed that this crucial decision is expected to be finalized today, marking a significant boost for millions of employees across the country.
This proposed hike comes on the heels of the Cabinet’s previous decision in October last year, where the dearness allowance and dearness relief were raised by 4 percentage points to 46%, benefiting nearly 48.67 lakh central government employees and 67.95 lakh pensioners. Union Cabinet Likely The move was implemented from July 01, 2023, in line with the accepted formula based on the recommendations of the 7th Central Pay Commission.
With the anticipated 4% increase, the dearness allowance is set to reach 50%, triggering additional benefits for employees as per the guidelines laid out by the 7th Pay Commission. Union Cabinet Likely This includes potential hikes in house rent allowance, children’s education allowance, transport allowance, and more. Union Cabinet Likely As a result, central government employees can expect a significant enhancement in their take-home pay packages, providing a welcome relief amidst economic uncertainties.
The decision to approve the 4% dearness allowance hike underscores the government’s commitment to addressing the welfare and financial well-being of its workforce. Union Cabinet Likely It also aligns with efforts to mitigate the impact of inflation and rising living costs, ensuring that employees are adequately compensated for their invaluable contributions to the nation.
Stay tuned for further updates as the Union Cabinet deliberates on this crucial matter, with central government employees eagerly awaiting the outcome of this pivotal decision.
