The festival of Holi has brought good news for crores of employees and pensioners of the country as soon as it comes close. The central government has announced that this time the dearness allowance (DA) will be increased before Holi, which will bring additional money in the pockets of government employees and pensioners.
This news will not only strengthen their economic condition, but will also thicken the color of the festival. The central government has made it clear that the new DA will be applicable from 1 January 2025, which means that the arrears of two months of January and February will also get the employees before Holi.
Let us tell you that the central government reviews dearness allowance every six months and increases it twice a year. This time a change in DA has been announced under the Seventh Pay Commission. If sources are to be believed, the central government can increase the dearness allowance by 3 to 4 percent, while some state governments have announced an increase of 7 percent. This increase will be based on the basic salary of the employees, which will directly increase their monthly income.
Now the question is, how much will this time increase in dearness allowance? It is believed that the central government can increase it from 3% to 4%. For example, if the basic salary of an employee is Rs 18,000, he currently gets Rs 9,000 according to 50% DA. If there is an increase of 3%, this amount will increase to Rs 9,540, and will reach Rs 9,720 when increased by 4%. That is, every month the salary of employees will increase from 540 to 720 rupees.
But how is this dearness allowance fixed? According to experts, DA is calculated on the basis of the All India Consumer Price Index (CPI). The government takes this decision given the average data of the last 12 months. This process ensures that the purchasing power of employees and pensioners remains in the era of rising inflation.
This increase will directly benefit crores of government employees and pensioners of the country. This announcement is no less than a gift for him before a big festival like Holi. Additional income will not only meet their needs, but will also double the enthusiasm to celebrate the festival with the family.