Wednesday, July 24, 2024

Ads by Google

Ads by Google

HomeNewsDA hike: Salary hike incoming? Cabinet likely takes DA to 50% for...

DA hike: Salary hike incoming? Cabinet likely takes DA to 50% for government staff

Mar 07, 2024 03:24 PM IST

Dearness Allowance Hike: Following the hike, dearness allowance and dearness relief will be over 50 percent. Details below

Dearness Allowance Hike: The Union Cabinet has reportedly approved the decision to hike dearness allowance for central government employees by 4 per cent. Following the hike, dearness allowance and dearness relief will be over 50 percent, ET Now reported citing sources. The Cabinet also extended the LPG subsidy scheme by a year, it added.

Dearness Allowance Hike: Last increase in dearness allowance and dearness relief was made in October 2023.(Reuters)
Dearness Allowance Hike: Last increase in dearness allowance and dearness relief was made in October 2023.(Reuters)

Read more: How much salary hike will you get this year? Here’s what to expect

In October last year, the Centre had hiked LPG subsidy for Pradhan Mantri Ujjwala Yojana beneficiaries to 300 per cylinder. Then, union minister Anurag Thakur said that the additional LPG connections will be provided in the course of the next three years and will come with a financial implication of 1,650 crore.

Hindustan Times – your fastest source for breaking news! Read now.

Last increase in dearness allowance and dearness relief was made in October 2023 when the Union Cabinet had increased it by 4 percentage points to 46 percent with effect from July 1, 2023.

Read more: Are banks closed tomorrow for Mahashivratri: Check state wise holiday list

This benefited 48.67 lakh central government employees and 67.95 lakh pensioners with a cumulative financial impact estimated at 12,857 crore annually. The increase was in accordance with the recommendations of the 7th Central Pay Commission.

The report claimed that Union Cabinet also approved AI Mission which PM Modi had announced in December 2023.

Read more: This sector will see highest salary growth in 2024 while job cuts will be in…

PM Modi said, “We are going to launch an AI Mission in India soon. The objective of this mission will be to maximise the potential of AI computing in India and provide Indian startups and innovators with better opportunities.”

“As part of this mission, the application of artificial intelligence technologies will be promoted in sectors, such as agriculture, healthcare and education,” he added.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it’s all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs

  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.