In what comes as news to cheer just before the festive season, the Union Cabinet on Wednesday is likely to approve a 4 per cent Dearness Allowance (DA) hike for central government employees.
The Centre was all set to approve the 4 per cent DA hike after today’s Union Cabinet meeting, sources told ET Now.
The DA for central government employees now stands at 46 per cent after the increase.
The dearness allowance for employees and pensioners is worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month.
Earlier, Diwali bonuses for Group C and non-gazetted Group B level officials, including paramilitary forces, was approved by the government. For 2022–2023, the finance ministry has set a limit of ₹7,000 for the calculation of non–productivity linked bonuses (ad hoc bonuses) for central government employees.
As per the memorandum, the Department of Expenditure under the finance ministry said a non-productivity linked bonus (ad-hoc bonus) equivalent to 30 days emoluments for the accounting year 2022-23 has been granted to the central government employees in Group ‘C’ and all non-gazetted employees in Group B’, who are not covered by any productivity-linked bonus scheme.
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