The government is likely to announce the next installment of the DA (dearness Allowance) for central government employees and retirees shortly for the second half of this year, which usually comes around this time of year before the Navaratri festival ends.
Central government employees and retirees across the country, paid on the 7th wage commission, are waiting for changes to Dearness Allowance (DA) and Dearness Relief (DR) ahead of these festival days, as that pattern has been observed for many years.
Also this year, the employees waiting for the announcement of the DA Hike on the occasion of Navratri can get that good news on Wednesday, although it is not confirmed at this time.
There is a good chance that the DA announcement will come after the Cabinet Committee on Economic Affairs (CCEA) meeting scheduled for 1100 on Wednesday, although the agenda for that meeting is not yet known.
Prime Minister Narendra Modi is in Japan to attend the funeral of former Japanese Prime Minister Shinzo Abe, so the cabinet meeting has been arranged on Wednesday after his return.
The agenda of that cabinet meeting is not currently public, but the DA walk is believed to be on the agenda for approval as this tradition has been maintained for many years.
Since the duplicate fee is reviewed every year before Navratri and subsequent festivals, the possibility of this being on the agenda is quite high.
September 28, i.e. tomorrow, the third day of the Navaratri festival, would be an ideal time for the government to make the announcement of the DA increase, which includes about 47.68 lakh central government employees and 68, 62 lakh retirees will benefit and also applies to civilian personnel and to defense personnel.
Since the effective date for the last price increase increase is July 1, the staff would receive the arrears with their last salary.
The national government revises the redundancy pay and the health care allowance every year on 1 January and 1 July, but this decision is usually announced in March and September.
Earlier, in March, the cabinet had approved a proposal to increase the redundancy pay (DA) for government employees and dearness relief (DR) for retirees by 3 percent to 34 percent of base salary from 31 percent earlier, effective January 1, 2022. .
At the time, the government paid the employees three months in arrears.
Any changes to the redundancy pay are made according to the accepted formula, which is based on the recommendations of the 7th Central Payroll Commission to compensate for the price increases.
With retail inflation, or consumer price inflation, above the upper end of the Reserve Bank of India’s target range of 2-6 percent each month this year, the chances of a larger DA surge are on the chart, rising 4 percent. -5 percent doing the rounds in media reports.