The Central Government is expected to announce a 3-4% Dearness Allowance hike for employees in October, effective from October 2024.
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Dearness Allowance (DA) is provided to government employees to combat inflation, while pensioners receive Dearness Relief (DR).
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The Central Government is expected to announce a 3-4% Dearness Allowance hike for its employees in October 2024, likely before Diwali.
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For entry-level employees with a basic salary of Rs 18,000 per month, the DA hike would increase to Rs 540-720 per month.
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A 3% DA hike would increase their DA by Rs 540, while a 4% hike would add Rs 720 to their monthly pay.
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The government raised the DA and DR by 4%, bringing it to 50% of the basic salary for central government employees.
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The DA hike is based on the All India Consumer Price Index (AICPI) over a 12-month period ending in June.
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It may increase the base salary from Rs 18,000 to Rs 34,560, with a potential increase in minimum pensions to Rs 17,280.