Last Updated: October 18, 2023, 14:53 IST
7th Pay Commission: DA Hike
Union Cabinet on Wednesday is more likely to approve a 4 per cent Dearness Allowance (DA) hike
In what comes as information to cheer simply earlier than the festive season, the Union Cabinet on Wednesday is more likely to approve a 4 per cent Dearness Allowance (DA) hike for central authorities workers.
The Centre was all set to approve the 4 per cent DA hike after immediately’s Union Cabinet assembly, sources instructed ET Now.
The DA for central authorities workers now stands at 46 per cent after the rise.
The dearness allowance for workers and pensioners is labored out on the premise of the newest Consumer Price Index for Industrial Workers (CPI-IW) introduced out by the Labour Bureau each month.
Earlier, Diwali bonuses for Group C and non-gazetted Group B stage officers, together with paramilitary forces, was authorised by the federal government. For 2022–2023, the finance ministry has set a restrict of ₹7,000 for the calculation of non–productiveness linked bonuses (advert hoc bonuses) for central authorities workers.
As per the memorandum, the Department of Expenditure beneath the finance ministry mentioned a non-productiveness linked bonus (advert-hoc bonus) equal to 30 days emoluments for the accounting yr 2022-23 has been granted to the central authorities workers in Group ‘C’ and all non-gazetted workers in Group B’, who will not be lined by any productiveness-linked bonus scheme.
