The central government has declared a 3% hike in dearness allowance, increasing it from 42% to 45%, effective July 1, 2024. This is mostly counted as the ongoing efforts of the government to support employees and pensioners in handling inflation.
In addition to this, the Chhattisgarh government has announced a 4 % DA increase, advantaging state employees as well as pensioners during the festive season.
The revised DA rate of 45% will be enacted from July 1, 2024. The employees will also receive arrears for the months of August and September 2024, which will be paid to them alongside their updated salary.
The DA hikes are mostly determined by the All India Consumer Price Index (AICPI), which usually tracks the inflation trends. The goal of these adjustments is primarily to ensure that employee salaries reflect the increased cost of livelihood.
The DA Hike has mostly benefited these three individuals first the central employees who are designated under several government departments, and the pensioners who are receiving many advantages from this plan as well by receiving the dearness relief (DR), which is almost mirroring the DA Hike percentage.
Now, finally, the family pensioners, the beneficiaries of the pension provided to the family of the deceased government employee, also have an upside from the increase of DA hike. The government has planned to support all the affected groups and assist them in managing their finances amid rising living costs.
