DA 4 PERCENT INCREASE

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.

North Korea announced Tuesday the successful test-firing of a new tactical ballistic missile, named Hwasongpho-11Da-4.5, capable of carrying a 4.5 ton-class "super-large warhead." The test aimed to verify flight stability and accuracy, with a range ...

Mahindra & Mahindra reported an 11 percent increase in wholesales year on year for June, totaling 69,397 units. The company's total dispatches to dealers reached 62,429 units in June 2023.

While the government’s decision to push for policies which help in increasing rural incomes has been in place for some time. But given the fact that any change in the rural income matrix is a time consuming process, there can be a mismatch of expect...

8th Pay Commission Latest Update: The National Council (staff side, Joint Consultive Machinery for central government employees) urge formation of 8th Pay Commission citing rising inflation and increased revenue of the Centre. In a letter to the Cab...

The Karnataka government has announced a sudden increase in petrol and diesel prices due to a revision in sales tax. Petrol price has risen by Rs 3 to Rs 102.84 per litre, while diesel price has increased by Rs 3.02 to Rs 88.95 per litre. The Petrol...

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 empl...

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 ...

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.

A poll rights body has reported an average increase of 43% in the assets of 324 MPs who have re-entered the Lok Sabha elections in the last five years. The average assets of these MPs in 2019 were around Rs 21.55 crore, while in the current electora...

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 Dear...

​Shareholders of Nestle India Ltd have turned down the company's proposal to raise the royalty payout to its Swiss parent. The resolution did not pass, with 57% of its shareholders voting against the plan, the packaged foods maker said in a stock ex...

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.

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 s...

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.

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 Ca...

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.

DA hiked by 4%: Central government employees will see a hike in components like HRA, daily allowance etc. Here are the allowances that will see an increase after as DA now touches 50%. ​

What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central ...