Union Cabinet Approves 3% DA Hike for Employees

CosmicTaco · 2024-10-16T16:08:21.983091+05:30

- The **Union Cabinet** has approved a **3% hike** in **Dearness Allowance (DA)** for central government employees and pensioners. - This increase raises the DA from **50% to 53%** of the basic salary, effective from **July 1, 2024**. - Over **1 crore** employees and pensioners will benefit, receiving arrears for **July, August, and September**. - The hike aims to provide financial relief amidst rising **inflation** and **cost of living**. - The last DA hike was **4%** in March, effective from January 2024. Source: [Times Now News](https://www.timesnownews.com/business-economy/personal-finance/dearness-allowance-hiked-by-3-what-is-it-and-how-to-calculate-article-114277175), [Abp News](https://news.abplive.com/business/da-hike-3-percent-announced-for-central-government-employees-diwali-bonus-1724617), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/dearness-allowance-hiked-diwali-comes-early-for-central-government-employees-as-cabinet-approves-3-da-hike/articleshow/114275453.cms), [Zee News](https://zeenews.india.com/economy/modi-cabinet-approves-3-da-hike-for-central-govt-employees-ahead-of-diwali-2807454.html), [Times Now News](https://www.timesnownews.com/business-economy/personal-finance/good-news-for-central-government-employees-3-da-hike-expected-ahead-of-diwali-article-114273845), [Zee News](https://zeenews.india.com/personal-finance/cabinet-likely-to-announce-3-da-hike-today-employees-to-get-october-salary-with-3-months-arrear-check-how-much-salary-will-increase-2807409.html), [Hindustan Times](https://www.hindustantimes.com/business/central-government-employees-may-soon-get-3-da-hike-with-3-months-arrears-report-101729057155695.html), [Abp News](https://news.abplive.com/business/central-govt-employees-likely-to-get-3-percent-da-hike-diwali-gift-1724543)

The Union Cabinet has approved a 3% hike in Dearness Allowance (DA) for central government employees and pensioners.
This increase raises the DA from 50% to 53% of the basic salary, effective from July 1, 2024.
Over 1 crore employees and pensioners will benefit, receiving arrears for July, August, and September.
The hike aims to provide financial relief amidst rising inflation and cost of living.
The last DA hike was 4% in March, effective from January 2024.