The DA has been hiked for the Gujarat authorities staff with impact from July 1, 2023.
With the most recent DA hike, the dearness allowance of Gujarat authorities staff will now improve to 46 per cent
7th Pay Commission, 4% DA Hike In Gujarat: In a bonanza for state authorities staff and pensioners, the Gujarat authorities has introduced a 4 per cent hike in dearness allowance (DA) and dearness aid (DR). The state authorities additionally determined to lift its NPS contribution by 4 per cent and to calculate LTC money conversion on the premise of the 7th Pay Commission from now onwards.
DA is given to authorities staff, whereas DR is given to pensioners.
With the most recent DA hike, the dearness allowance of state authorities staff will now improve to 46 per cent as in contrast with 42 per cent earlier, in response to an official assertion.
The DA has been hiked with impact from July 1, 2023, and staff will likely be given arrears for the previous eight months, it mentioned. Around 4.45 lakh state authorities staff and 4.63 lakh pensioners will profit from the choice to hike DA, the official launch mentioned.
The distinction in dearness allowance for the 8 months spanning from July 1, 2023, to February 2024, will likely be distributed in three instalments together with salaries, it mentioned.
“The difference amount for the period between July 2023 and September 2023 will be paid with the March 2024 salary, while arrears for October to December 2023 will be disbursed with the April 2024 salary. Additionally, dearness allowance arrears for January and February 2024 will be included in the May 2024 salary for the employees,” it mentioned.
NPS Contribution Hike
The state authorities has additionally determined to extend its personal contribution to the National Pension System (NPS) from 10 per cent to 14 per cent, whereas state staff should pay 10 per cent, in response to the official launch.
LTC Cash Conversion On 7th Pay Commission Now
The state authorities has additionally determined to calculate LTC money conversion for 10 cumulated leaves on the revised pay scale of the 7th Pay Commission, whereas beforehand it was primarily based on the pay scale of the sixth Pay Commission.
4% DA Hike For Central Government Employees Likely Soon
The Centre is prone to announce a 4 per cent hike in dearness allowance (DA) for central authorities staff in March 2024, in response to media experiences. After the 4 per cent DA hike, dearness allowance and dearness aid will improve to 50 per cent.
The quantum of hike in DA and dearness aid (DR) is determined by the central authorities on the premise of the All-India CPI-IW information.
The 12-month common of the Consumer Price Index for Industrial Workers (CPI-IW) stood at 392.83. As per this, DA is coming to 50.26 per cent of the fundamental pay.
DA and DR are hiked twice a 12 months — January and July.
In the final hike in October 2023, the DA was elevated by 4 per cent to 46 per cent. Given the present inflation price, the following DA hike is anticipated to be 4 per cent.
