Central Government Employees & Employment Corner

Reports claimed that the Centre is likely to announce a hike in DA after the G20 summit in Delhi which will end on September 10. However, there has been no official confirmation on the matter so far. After the release of the latest Consumer Price Index (CPI) data, the Central government employees are eagerly waiting for a hike in DA to help them manage rising inflation. The development comes as the retail inflation in July 2023 has gone up to a 15-month high of 7.44 per cent. The inflation this time is much above the Reserve Bank of India’s target of limiting retail inflation to 4 per cent or lower. At this time, a hike in Dearness allowance (DA) is expected for Central government employees. A report by Zee Business claimed that the government is likely to announce a hike in DA after the G20 summit in Delhi which will end on September 10. However, there has been no official confirmation on the matter so far. Earlier, a Ministry of Finance official had told India.com that the DA hike fo...

In a recent statement from an official in the Ministry of Finance, it has been revealed that Central government employees can anticipate a 4% increase in dearness allowance (DA) in the third week of September. This modest hike is attributed to the consistent containment of inflation by the Central government in recent months. The official further elaborated that the DA increase will be retroactively effective from July 1, 2023, impacting over one crore central government employees and pensioners. Factors Behind the 4% DA Hike: The official explained that the decision to implement a 4% DA hike is contingent on economic factors such as inflation and price fluctuations. Given the government's success in curbing price rises, central government employees should expect this incremental increase. This announcement will bring the total DA hike to 46%. Background: Currently, central government employees and pensioners receive a 42% dearness allowance, with dearness relief provided to pens...