Saturday, July 2, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

Good news for govt employees! Centre may hike DA in July-August

Jaleel M. by Jaleel M.
May 17, 2022
in Business
0
Good news for govt employees! Centre may hike DA in July-August
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter


Reports suggest that the government may announce a 4 percent hike in DA. Central government employees are also hopeful of an increase in Travel Allowance (TA) and Home Rent Allowance (HRA).

Related posts

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

May 18, 2022
How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

May 17, 2022

Good news for govt employees! Centre may hike DA in July-August

Representational image. News18

Government employees may soon get some positive news. The Union government may announce a hike in dearness allowance (DA) in July or August this year, as per reports. Employees are also hopeful that the House Rent Allowance (HRA) and Travel Allowance (TA) will be increased as well.

The government announces changes in the DA and dearness relief (DR) twice a year, in January and July, on the basis of retail inflation data. As per reports, DA is likely to be hiked by four percent, bringing it to a total of 38 percent of the salary.

What is DA?

Dearness Allowance is given to government employees,  as a fixed component of their salary, to hedge the impact of inflation. DR is given to pensioners to mitigate the impact of price rise.

Retail inflation in the country has surged to 7.79 percent in April, the highest since 2014. It marks the seventh straight month that the figures have risen. Due to the rising costs of food items and other basic necessities, central government employees are hopeful of another hike in DA in the coming months.

When was the DA last hiked?

Under the 7th Pay Commission, the Union Cabinet had approved a 3 percent hike in DA in March 2022, taking the figure to 34 percent of the basic income.

“The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has given its approval to release an additional instalment of dearness allowance (DA) to central government employees and Dearness Relief (DR) to pensioners w.e.f. January 1, 2022,” according to a press release by the Prime Minister’s Office in March. The instalment represented an increase of 3 percent over the existing rate of 31 percent of the basic pay/ pension. The move benefited almost 68.62 lakh pensioners 47.68 lakh Central Government employees.

Prior to that, the government had last increased dearness allowance back in July and October 2021, after freezing three instalments due to the coronavirus pandemic.

Keywords: DA hike in July, DA hike, central government employees hra hike, retail inflation levels, Dearness allowance

 



Source link

Previous Post

Elon Musk says ‘cannot move forward’ with $44 billion deal until Twitter CEO Parag Agrawal clarifies numbers on spam accounts

Next Post

Sensex zooms 1,344 points, Nifty up by 2.6%; all indices end in green-Business News , Firstpost

Next Post
Sensex zooms 1,344 points, Nifty up by 2.6%; all indices end in green-Business News , Firstpost

Sensex zooms 1,344 points, Nifty up by 2.6%; all indices end in green-Business News , Firstpost

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Messaging app to allow voice message review before sending

Messaging app to allow voice message review before sending

1 year ago
John McLaughlin and the 4th Dimension Release First New Recording in Five Years – to Benefit the Jazz Foundation of America

John McLaughlin and the 4th Dimension Release First New Recording in Five Years – to Benefit the Jazz Foundation of America

2 years ago
Issue subscribed 38.25 times at the end of final day

Issue subscribed 38.25 times at the end of final day

12 months ago
Restless Modern Releases New Single “r u honest?”

Restless Modern Releases New Single “r u honest?”

2 years ago

FOLLOW US

  • 114 Followers
  • 29.5k Followers
  • 172k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy