Newsblare

Finance

Government approve 3% Dearness Allowance Hike, Dussehra Gift For Staff

Government approve 3% Dearness Allowance Hike, Dussehra Gift For Staff

The government has approved a 3% Dearness Allowance hike, described as a “gift” ahead of Dussehra and Diwali month. This change is effective from July 1, Union Minister Ashwini Vaishnaw said on Wednesday afternoon. The increase was expected, sources said that a rise expected for government employees and pensioners.

Second increase with 3% Dearness Allowance hike

This marks the second increase this year. In March, a 2 % hike announced, raising DA payouts from 53 % of basic pay to 55 %. This followed a three % increase in October.

DA is provided to government employees to help offset inflation. The increase this month aims to reflect changes in the Consumer Price Index (CPI) for industrial workers, that used for the bi-annual revisions of the Dearness Allowance. A employee with a basic salary of Rs 60,000 will now receive an additional Rs 34,800 as DA, up from Rs 33,000 after the March increase.

Employees get Dussehra Gift

Salary adjustments rely on the “fitment factor,” a multiplier applied to basic pay. Experts estimate this factor to be between 1.83 and 2.86, that mean an increase of roughly 13 to 34 %. However, the DA of 55 % will reset to zero and merge with basic pay after the commission’s recommendations take effect on January 1, 2026.

This shows that the effective 3% Dearness Allowance increase might moderated, it beneficial, as pensions linked to basic pay and DA. The 7th Pay Commission reviewed nearly 200 allowances, abolishing 52 and merging others to simplify the salary structure.

Read also: Abhishek Sharma Achieves Record 931 ICC T20I Batting Rating

Founder & Editor
I'm Ved Prakash, Founder & Editor @Newsblare Media, specialised in Business and Finance niches who writes content for reputed publication such as Investing.com, Stockhouse.com, Motley Fool Singapore, etc. I'm the contributor of different... news sites that have widened my views on the current happenings in the world.

Leave a Reply

Your email address will not be published.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

Oscars 2025: Full List of Winners from the 97th Academy Awards