8th Pay Commission: There is good news for central employees before the Lok Sabha elections. In the first week of March, there will be a 4% increase in dearness allowance for govt employees and dearness relief allowance for retired people.

At present DA/DR is available at the rate of 46%. The allowance will increase by 4% by next month. The rule is this. That as soon as the rate of dearness allowance crosses 50%, the govt has to think about the formation of the 8th Pay Commission.

The current rate of DA for employees is 46%. As soon as the 50% rate is reached, the demand for formation of the 8th Pay Commission will be placed before the Central govt. Modi govt can announce the formation of the 8th Pay Commission before the Lok Sabha elections.

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It was released by the Modi govt on January 31. It compiled the Consumer Price Index for Industrial Workers at the level of 138.8 points. With this, govt employees are expected to get a 4% increase in their dearness allowance from January 1, 2024.

A decision on the DA issue is likely to be taken in the Union Cabinet meeting next week. In the second half of last year, the central govt had increased the dearness allowance of its employees by 4%.

After this, the rate of Dearness Allowance i.e. 'DA' had increased from 42% to 46%. Now from January 1, 2024, the dearness allowance of govt employees is likely to increase by 4 to 5%.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: February 29, 2024

Posted By Sunil

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