The government has brought some relief to thousands of workers and pensioners. Efforts in this direction are being made by the government with the rise in Dearness Allowance (DA) providing some economic relief and ease on monthly expenditures.
Government Sanctions 11% Rise in Dearness Allowance
In a recent decision, the government approved an 11% raise in DA. This allowance is given so employees can deal better with inflation. Prices of groceries, fuel and other essentials are rising fast and this move is expected to give workers and retirees a bit more breathing room.
Who All Will Receive the Benefit?
The DA hike isn’t for everyone, but it will cover all employees and pensioners who fall under the 5th and 6th Pay Commission. Whether you’re still in service or have already retired, this raise will reflect in your salary or pension soon.
Updated DA Rates for 5th and 6th Pay Commission Employees
Employees in the 5th Pay Commission will receive 466% DA instead of 455% or an 11% increase.
Additionally, those in the 6th Pay Commission will have their DA increased from 246% to 252%, i.e. a 6% rise.
Though these numbers may seem technical, they simply mean more take-home money every month.
This hike is a historic and much needed decision. Inflation isn’t slowing down, and during such times any extra support from the government feels like a blessing for workers and retirees alike.
More Money Eases Some of Financial Pinch in Hard Times
With growing daily costs and frequent paychecks, households are making do. This minor spike in DA is a welcome relief and provides some comfort to those attempting to make their paychecks stretch a little farther.
Though the decision has been taken, the official circular is yet to be released. As soon as it is released, salaries and pensions shall be disbursed according to the new rates.
There is an outburst of happiness among government employees and are expecting similar decisions to follow in the coming future, keeping their interests in mind.