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The Indian government has announced a 3% increase in the dearness allowance (DA) for its employees and pensioners, bringing the total DA to 45%. This decision was made at a cabinet meeting and comes as welcome news for millions of central government workers in the lead-up to the Diwali festival.
The DA is a cost-of-living adjustment that is periodically revised to compensate government employees and pensioners for rising inflation. The allowance is calculated based on the consumer price index for industrial workers, which reflects changes in the cost of goods and services. The government typically revises the DA twice a year.
This recent DA hike is a significant financial boost for government employees and pensioners, particularly as the festive season approaches. The increase will help them to better manage their expenses and enjoy the celebrations with their families. However, some critics argue that the DA increase does not fully reflect the current rate of inflation, and call for a larger adjustment.
The government's decision to raise the DA has been met with mixed reactions. While many employees and pensioners welcome the increase, others believe that it is not enough to offset the rising cost of living. The government's stance on the DA remains under scrutiny, as it is seen as a significant factor in the well-being of a large segment of the Indian population.
Source: 3% Hike In Dearness Allowance For Government Employees Cleared Ahead Of Diwali