Dearness Allowance (DA) News For Central Government Employees News

Dearness Allowance for Central Government Employees News. Know the latest updates on Dearness Allowance for Central government employees

Revision of rates of Dearness Allowance to Central Government employees-effective from 01.01.2024.

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DEARNESS ALLOWANCE

No. 1/1/2024-E-II (B)Government of IndiaMinistry of FinanceDepartment of Expenditure North Block, New Delhi Dated the 12th March, 2024 OFFICE MEMORANDUM Subject: Revision of rates of Dearness Allowance to Central Government employees-effective from 01.01.2024. The undersigned is directed to refer to this Department’s Office Memorandum No. 114/2023- E-11 (B) dated 20th October, 2023 on the subject … Read more

Cabinet Nod: Central Government Employees to Receive 4% Hike in Dearness Allowance

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Cabinet approves additional instalment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners49.18 lakh employees and 67.95 lakh pensioners to benefit 4% benefit to cost Rs.12,868.72 crore per annum to exchequer The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved to release an additional instalment of Dearness Allowance (DA) to … Read more

Grant of Dearness Relief to Railway pensioners/family pensioners—Revised Rates effective from 01.07.2023

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GOVERNMENT OF INDIAMinistry of RailwaysRailway Board PC-VII No.- 211 RBE No: 121/2023 File No. PC-VII/2016/1/7/2/3 New Delhi, dated: 07.11.2023 The General Manager/CAOs(R),All Zonal Railways & Production Units,(As per standard mailing list) Sub: – Grant of Dearness Relief to Railway pensioners/family pensioners—Revised Rates effective from 01.07.2023. A copy of Office Memorandum No. 42/04/2023-P&PW(D) dated 27.10.2023 of … Read more

How to Calculate Dearness Allowance 2024 – A Simple Formula

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DEARNESS ALLOWANCE 2024

Dearness Allowance (DA) is a salary element designed to offset inflation’s effect on employees’ buying power. It’s calculated using the average All India Consumer Price Index (AICPIN) for Industrial Workers over 12 months. DA calculation involves subtracting 90.76 from this average, multiplying by 100, and dividing by 90.76.

Tamil Nadu Government Announces 4% Dearness Allowance Hike for Its Employees

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The Tamil Nadu government has raised the Dearness Allowance (DA) for its employees by 4%. The move, which benefits thousands of employees and retirees, aims to offset inflation and the rising cost of living. This increase, recommended by the Pay Commission, also stimulates economic growth by boosting disposable income and spending. Employee associations have welcomed the decision.