DA DR Increased by 4% : Approval by Cabinet Granted on 18 Oct 23

DA DR Increased by 4% : Approval by Cabinet Granted on 18 Oct 23

Central Cabinet has approved Dearness allowances and Dearness Relief hike for the current period Wednesday. The increased DA and DR was last time granted for the period fro Jan 23 to Jul 23 @ 42% for the Central Govt Employees and Pensioners including Defece persons and Exservicemen.

Considering the Consumer Price index and inflation rate, Govt has approved to increase DA/DA for central govt pensioners and Serving personnel @ 4% which is to be effected w.e.f 01 July 2023. Now, the increased DA/ DR will be 46% from 01 July 2023.

Arrears for July, August & September will be credited to the employees and pensioners bank account after issueing proper Written order from Ministry of Finance & Concerned Department for their own employees. The revised DA/DR @ 46% to be paid to the central Govt employees and Pensioners from October 2023 Onwards along with their pay.

Defence pensioners will be paid DR on their pension direcctly from the SPARSH subject to issuance of Orders for grant of DR by MoD by 20 Oct 2023. Either increased DR on pension will be paid from November 2023.

Dearness Allowance (DA) and Dearness Relief (DR) are terms used in India to refer to additional payments made to government employees and pensioners to help them cope with the rising cost of living.

Dearness Allowance (DA): DA is a component of the government employee’s salary that is directly linked to the Consumer Price Index (CPI). It is revised twice a year, in January and July. The percentage of DA is calculated based on the average inflation rate over a specified period. When inflation rises, DA increases, and when inflation falls, DA decreases. DA is a significant portion of a government employee’s total salary.

Dearness Relief (DR): DR is the equivalent of DA for pensioners. Pensioners who receive a pension from the government are also provided with DR to help them maintain their standard of living as the cost of living increases. The percentage of DR is also adjusted in January and July based on the CPI.

The central government regularly announces changes in the DA and DR rates. These adjustments are made to ensure that government employees and pensioners can keep up with the rising prices of goods and services. The rates can vary from year to year, and they are generally based on the prevailing economic conditions and inflation rates.

It’s important to check the latest government notifications or websites for the most up-to-date information regarding DA and DR rates, as they can change frequently based on economic conditions and government policies.

Defence Pensioners Entitled Pension with Latest Pension Table : Check it Now
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