ZisNews - Breaking News & Updates

DA boost up tidings: The storage locker on fri gave its nod to a 2 per cent hike in Dearness Allowance or DA for central government employees, benefitting nearly 1.15 crore employees and pensioners.Union minister Ashwini Vaishnaw, after the Cabinet meeting, said the Union Cabinet has approved the release of an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2025, representing an increase of 2 per cent over the existing rate of 53 per cent of the basic pay/pension, to compensate against price rise.The combined impact on the exchequer on account of increase in both DA and DR would be ₹6,614.04 crore per annum.The move will benefit about 48.66 lakh central government employees and 66.55 lakh pensioners.With this revision, the Dearness Allowance (DA) will increase from 53% to 55%, offering a salary hike for employees ahead of the expected 8th Pay Commission.The previous hike took place in July 2024, when DA was raised from 50% to 53%.DA is announced bi-annually to help central government employees cope with rising inflation. It is a part of the employees' take-home salary and is calculated as a portion of their basic pay.For example, for a base pay of ₹1 lakh, the DA would be 55% if the government announced a 2% hike, which would equate to ₹55,000.What is Dearness Allowance (DA)?DA is extra money that the government and public sector employers give to their employees and pensioners to help them cope with rising prices.It is calculated as a percentage of the basic salary and gets revised every six months based on how much prices have gone up.There are two types—one for government employees and another for public sector workers.DA is taxable, so it has to be mentioned in income tax filings.Impact on employee salariesA 2% DA hike would raise the salary of an entry-level employee, a Multi Tasking Staff (MTS), with a basic pay of ₹18,000 by ₹360.For instance, the employee with a basic pay of ₹18,000 currently receives ₹9,540 as DA (53%). A 2% hike would increase their DA to ₹9,900, adding ₹360 to their salary.The last DA hike given to government employees in July 2024 was 3%, which had taken the DA from 50% to 53%.

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

DA hike 2025: Cabinet approves 2% dearness allowance raise for central government employees

Global News Perspectives

Customizable News Feed

Like or Comment on News

Download the Android App

Diverse News Categories

Category News

Country News