Holi Bonanza For 1.2 Cr Govt Employees: 3% Increase In DA Likely Before Holi!
If you or some relative of yours is a central government employee, then this news shall have you smiling from ear to ear. In the month of March, one shall get the DA Arrears. Dearness Allowance can be increased by 3 per cent by Modi government before Holi. This increment shall be effective from January 1, 2022.
The full salary that shall be paid to the employees in the month of March shall also include DA arrears, according to the Moneycontrol.com (Hindi) reports. This DA arrear shall be for the salary of January and February.
What is DA? How it is calculated?
In order to cope up with the rising inflation, the component of DA is provided to the government employees and pensioners. DA and DR benefits are revised by the central government twice every year, in the month of January and July. Based on whether they work in urban sector, semi-urban sector or the rural sector, DA varies from employee to employee.
When the government hiked the DA in October last year, almost 48 lakh central government employees and 65 lakh pensioners across India benefitted from it.
Following is how the DA is calculated:-
Dearness Allowance percentage = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76) x 100. Here, AICPI stands for All-India Consumer Price Index.
DA grant increase is up to 34 percent
In a previous report, Zee Business quoted Shiv Gopal Mishra of JCM National Council, who said the DA’s debts for Level-1 employees ranged from Rs 11,880 to Rs 37,554. Alternatively, at Level-13 (CPC basic salary scale of 7 Rs 1,23,100 to Rs 2,15,900) or Level-14 (earnings rate), the DA lying behind the staff will be Rs 1,44,200 and 2,18,200. respectively. If the Union Cabinet gives a green signal to it, more than 65 lakh senior executives and pensioners will enjoy the benefits linked.
Currently, the Dearness Allowance (DA) total is 31 percent, which could increase to 34 percent. With the government raising the DA by 3 percent, it will be 34 percent. It will be effective from January 1, 2022 which means employees can receive a January and February grant and a backlog in March pay.
At present, central government employees are paid 31% Death Allowance. The most recent mountaineering was introduced in July and October 2021, after months of suspension of grant due to the Covid-19 epidemic. The Union Cabinet in October increased the grant and benefit by 3 per cent to 31 per cent for the benefit of 47.14 lakh Central Government employees and 68.62 lakh pensioners.