ALLOWANCE HIKES
Eating out could become more expensive as vegetable prices soar
Vegetable prices are skyrocketing, leading restaurants to consider hiking menu prices and abandoning discounts, ultimately burdening diners with higher costs for dining out. The unprecedented price surge has impacted bottom lines of eateries, forcing some to adjust portions or even discontinue certain items. Larger establishments are extending support to vendors facing challenges due to rising costs, while smaller joints are exploring cost-saving measures like automation.
DA hike latest update: Will central govt employees, pensioners get 18-month DA arrear? PM gets a proposal
7th Pay Commission Dearness Allowance Latest Update: Dearness allowance is a component of salary of the government employees and pensioners. It was introduced to help government employees cope with rising inflation. Will the central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the COVID-19 pandemic? Prime Minister has received a proposal. All you need to know
Latest on DA hike 2024: 13 allowances of central government employees to increase by 25% as dearness allowance touches 50%
Latest on DA hike: Now that the Dearness Allowance (DA) has reached the 50% mark, several other allowances will also see an increase. As a result, certain allowances are expected to experience a 25% boost.
There is a ring of truth to tariff hike
India's telecom companies, including Reliance Jio, Bharti Airtel, and Vodafone Idea, are increasing tariffs to boost revenue and fund network expansion, following a lifeline from the Government of India for spectrum purchase. Despite high spectrum prices and fierce competition, recent price hikes signal industry recovery and a shift towards sustainable growth. The focus is now on transitioning subscribers to 4G and preparing for the game-changing 5G era to support India's digital development.
Jio, Airtel Tariff Hikes: Users can still avoid increased prices. Here's how
Reliance Jio and Airtel will raise tariffs from July 3, 2024, to boost Average Revenue per User (ARPU), impacting millions of subscribers. Prepaid users can avoid hikes by recharging before July 3. Adjustments range from 12% to 25% for Jio and 11% to 21% for Airtel. Postpaid users will see immediate changes in their billing cycles.
DA hike update: Will Central Govt employees, pensioners get 18-month DA arrear? FM gets proposal
7th Pay Commission Dearness Allowance Latest Update: Dearness allowance is a component of salary of the government employees and pensioners, aimed at soothing the impact of inflation. Will the central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the COVID-19 pandemic? Finance Ministry has received a proposal. All you need to know
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DA hike for bank employees: Dearness allowance from May to July 2024 announced; latest update on 5-day bank workweek
DA hike for bank employees: Dearness allowance will be 15.97% for May, June and July 2024 for the bank employees. The calculation of dearness allowance for bank employees was revised early this year. A new pay scale has been constructed for the employees of the public sector banks after merging with DA earlier. What will change in dearness relief for the pensioners of PSU banks? What is the latest update on the 5-day work week of the PSU banks? All you need to know
Sikkim govt nod for 4 pc DA hike
The Sikkim government has approved a four per cent hike in dearness allowance for employees and pensioners, effective from July 1, 2023. This decision was made during the first cabinet meeting of the new Sikkim Krantikari Morcha government, chaired by Chief Minister Prem Singh Tamang. The increase brings the total dearness allowance to 46 per cent, costing the state exchequer Rs 174.6 crore this financial year.
DA hike: Will basic pay of central govt employees, pensioners increase as DA, DR touch 50%, as per the 7th Pay Commission?
DA hike latest news update: There have been speculations about a possible hike in basic pay for central government employees and pensioners in July 2024 as dearness allowance (DA) and dearness relief touch 50%. Usually, the DA and DR of the central government employees and pensioners increase from July. Are central government employees and pensioners looking for a hike in basic pay from July 2024? ET Wealth Online spoke with various experts to understand the regulations of Pay Commissions and how they will impact the salaries of central government employees and pensioners.
7th Pay Commission news: Gratuity limit now hiked for central government employees after Dearness Allowance (DA) touches 50%
DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees.
Latest on DA hike: 25% increase in gratuity due to dearness allowance hike kept on hold; here’s why
Dearness allowance hike: The EPFO has opted to keep in "abeyance" the retirement and death gratuity increase for workers, which is a blow to those employed by the government and organised sector. In March 2024, the Central government raised the Dearness Relief (DR) and Dearness Allowance (DA) by 4%.
DA hiked to 50% for central government employees; retirement and death gratuity will increase by this much
Latest on DA hike: The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This hike in DA to 50% also increased various components of a central government employee’s salary.
4% DA hike: These three allowances of central government employees will go up 25% after latest DA hike; check details
The Dearness Allowance (DA) for central government employees was increased by 4% to 50%. Dearness relief (DR) for retirees of the central government has been increased by 4% to 50% to counteract price hikes. This will result in a large increase in salaries of central government employees and pensions of retirees.
DA hiked; 6 other allowances revised for central govt employees as per 7th Pay Commission
The Department of Personnel & Training has released instructions on a range of allowances that are available to employees of the Central Government, according to the Office Memorandum (OM) dated April 2, 2024. According to the OM dated April 2, 2024, the main points of these instructions on Children's Education Allowance, Risk Allowance, Night Duty Allowance (NDA), Over Time Allowance (OTA), Special Allowance Payable to Parliament Assistants, and Special Allowance for Child Care for Women with Disabilities have been condensed into the following paragraphs for your convenience and clarity.
DA hiked to 50%: 6 other allowances revised for central govt employees, as per 7th Pay Commission
DA hiked by 4%: The 7th Pay Commission reviewed all benefits offered to Central Government employees, including those for railway employees, civilian defence workers, and defence troops, in response to its evaluation and recommendations from 2016. The key guidelines for these six allowances for employees of the central government have been issued.
Dearness relief (DR) hiked by 4% to 50% for central govt pensioners: Who are eligible, when will they get it? Govt answers
Central govt pensioners, family pensioners: The Department of Pension & Pensioners’ Welfare (DoPPW) released an Office Memorandum mentioning which pensioners and family pensioners will be eligible for the recent dearness relief (DR) hike and how the payment of DR will be calculated. It will instructed the pension disbursing banks to arrange payments of dearness relief to pensioners or family pensioners without waiting for any further instruction from other authorities. Read here
DA hiked to 50%: 6 things central government employees should know about latest dearness allowance increase
Dearness allowance (DA) hiked: Here is look at six things to know about the basic pay hike according to an Office Memorandum (OM) released by the Ministry of Finance.
Rajasthan govt cuts VAT on petrol, diesel; hikes DA of employees by 4%
Rajasthan govt reduces fuel VAT by 2%, aligns dearness allowance with Centre. Effective Friday, Rs 1500 crore burden. 50% dearness allowance from Jan 1, 2024, benefiting 4.40 lakh pensioners.
DA, DR hiked to 50%: Will DA, DR automatically merge into basic pay of central govt employees, pensioners now?
DA hike latest news: In a welcome move for central government employees and pensioners, the dearness allowance (DA) and dearness relief (DR) have been increased by 4% to 50%. This decision, effective from January 1, 2024, benefits around 49.18 lakh central government employees and 67.95 lakh central government pensioners. Will DA and DR merge into basic pay for central govt employees, pensioners now? Will the salaries of the central government employees increase now? All the central government employees must know about the recent DA, DR hike.
Assam CM announces 4 pc DA hike for state government employees
Assam CM Himanta Biswa Sarma announced a 4% hike in dearness allowance for state government employees starting from January 1, 2024. He also discussed recruitment plans for Grade-IV employees in schools and a solar panel subsidy scheme. The Union Cabinet approved a similar 4% DA hike for central government employees and pensioners.
CM Naveen Patnaik announces 4% DA hike for Odisha govt employees
Odisha CM Naveen Patnaik increased dearness allowance and relief by 4%, raising it to 50% for state government employees and pensioners. The higher rates will be effective from January 1, 2024, benefiting 4.5 lakh employees and 3.5 lakh pensioners.
Arunachal govt announces additional 4 per cent DA for its employees
With this hike, the DA for employees and dearness relief (DR) for pensioners has reached 50 per cent. The state has to spend an additional Rs 124.20 crore per year for this, officials said.
Indian Banks' Association agree on 17% wage hike, saturdays off for employees
Indian Banks' Association and bank employee unions agreed on a 17% annual wage hike, costing public sector banks an additional Rs 8,284 crore yearly. The hike, effective from Nov 2022, benefits 8 lakh employees. Saturdays will now be holidays, pending govt notification. The new working hours will also be effective after govt notification. The wage settlement includes allowing women employees one sick leave per month without a medical certificate and encashing accumulated privilege leave up to 255 days upon retirement.
All you need to know about the decisions taken by the Cabinet today
.Thursday's announcements come in the run-up to the Lok Sabha polls, likely to take place in May, this year. On other fronts, the Central government is currently in a tug-of-war with scores of farmers who are protesting to avail legal support for minimum support prices as well as loan waivers.
Govt approves 4% hike in Dearness Allowance for govt employees at cost of Rs 12,869 crore per annum to exchequer
The Union cabinet has approved a 4% increase in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners starting January 1, 2024. This will increase the total exchequer by 50%, benefiting approximately 49.18 lakh employees and 67.95 lakh pensioners.
Cabinet okays 4% DA hike for staff; outgo pegged at ₹12,900 crore
The union cabinet approved an additional instalment of 4% DA and DR for central government employees and pensioners effective from January 1. This would benefit over 10 million employees and 6.79 million pensioners, with a combined impact on the exchequer of Rs 12,869 crore per annum.
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
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