A huge good news comes out about the DA of crores of employees and pensioners of the central government along with its common citizens. After reliefs for the farmers, now it is time for the central government to gift increase in dearness allowance (DA) and dearness relief (DR) to more than 1 crore employees and pensioners. If all goes well, then a huge increase will be there in salary and pension for central employees and pensioners before Holi.
Increase Of DA And DR Is Expected Before Holi.
As per the rules of the 7th Pay Commission, the central government revises the dearness allowance and dearness relief twice a year-once in January and then in July. This is going to be the first increase for this year as it will take effect from January 1, 2025. Hence, the announcement for the increase may come anytime before Holi, which lies on March 14-15.
No official word came from the government at this point in time. But, as per the latest AICPI index data, there is a possibility of 2% increase in DA and DR this time as well. Earlier in March 2024, DA got increased by 4% for total 50%, and with further increase of 3% in October 2024, it bumped up to 53%. So, if this time 2% gets increased, dearness allowance will touch 55%.
Demand For The 8th Pay Commission Approved
Another good news for the central employees and pensioners is that on January 16, the Union Cabinet meeting has approved the demand for the formation of the 8th Pay Commission by the Modi government. The report is expected to be submitted to the Ministry of Labor in the next year, following which implementation might occur from January 1, 2026.
Conclusion
It has been announced by the government on the eve of Holi about the 2% increase in Dearness Allowance and Dearness Relief to central employees and pensioners. Besides, the approval for the formation of the 8th Pay Commission is big relief news. The next few days are likely to see the formal announcement by the government.
Also Read: The Work Of EPFO’s Higher Pension Scheme Will Gain Momentum From April-May, know Full Details