DA Hike Coming Soon? 4% Dearness Allowance Hike For Central Govt Employees Likely In Sept; Check Increase In Salary | Economy News

New Delhi: The Centre is expected to increase the dearness allowance (DA) by 4 percent, as per various media reports. If it is approved it will mark the second increase in both dearness allowance and dearness relief (DR) this year. The announcement is likely to come in September which would raise the current DA from […]

ABHISEK RAJPUT

August 30, 2024

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7th Pay Commission Dearness Allowance Update: What Does July CPI Data Indicate? When Will Revised DA Come? How Much Will Salary Increase? | Personal Finance News

New Delhi: The Dearness Allowance (DA) and Dearness Relief (DR) for employees and pensioners are likely to increase, as the central government is expected to declare soon. DA and DR are anticipated to grow by 3% this time around as would be declared by the center. Serving government employees receive DA, while pensioners receive DR. […]

ABHISEK RAJPUT

August 22, 2024

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7th Pay Commission DA Hike Latest Update: Check Salary Calculation Based On Pay Grade, How Much Money Will Increase? | Personal Finance News

New Delhi: The Center may soon raise the dearness allowance (DA) paid to its employees, meaning central government employees may soon receive a bonanza. In July 2024, the center may raise the Dearness Allowance by 3%, bringing the DA to 53 percent, and providing employees with a bonus of up to ₹ 1,00,170. This benefit […]

ABHISEK RAJPUT

August 6, 2024

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7th Pay Commission DA Hike Update: Will DA Drop To Zero From July 1 Or Will There Be A Change? Here’s All You Want To Know | Personal Finance News

New Delhi: There has been a long-standing discussion that at 50 percent the Dearness Allowance (DA) will drop to zero. This was scheduled to happen on July 1, 2024. The basis of this discussion was the previous parlance or practice, since there used to be automatic merger of DA and DR into basic salary as […]

ABHISEK RAJPUT

August 3, 2024

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Bank Employees To Get 15.97% Dearness Allowance For May-July 2024 Period | Personal Finance News

New Delhi: The Indian Banks’ Association (IBA) has in a circular dated 10 June 2024 announced a 15.97 percent hike in Dearness Allowance (DA) of Bank Employees for May-July 2024 period. In the circular, IBA said, “In terms of clause 13 of the 12th Bipartite Settlement dated 08.03.2024 and clause 2 (i) of the Joint […]

ABHISEK RAJPUT

June 11, 2024

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7th Pay Commission: Setback For Govt Employees; 25% Increase In Gratuity Due To Da Hike Kept On Hold By EPFO | Personal Finance News

New Delhi: Retirement fund body Employees’ Provident Fund Organisation (EPFO) has announced to keep in hold its previous circular on the hike on retirement gratuity and death gratuity by 25 percent consequent to the hike in Dearness Allowance (DA), that is expected to give a huge setback to government employees. The EPFO has in its […]

ABHISEK RAJPUT

May 20, 2024

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