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MP Govt Hikes DA To 50%; Employees To Get Revised Money From January Month’s Salary|Personal Finance News


New Delhi: After Assam federal government’s Dearness Allowance (DA) trek news, the Madhya Pradesh federal government has actually revealed a 4 percent walk in DA for state civil servant. After the DA modification, the present dearness allocation for civil servant of MP has actually increased from the present 46 percent to half.

The changed DA quantity will certainly work from January 1, 2024. This indicates, from January 1, all civil servant will certainly obtain DA at the brand-new price of half while the defaults will certainly be paid in 4 equivalent instalments.

Meanwhile, bringing the much required joyful delight to the staff members, the Assam Cabinet, led by Chief Minister Himanta Biswa Sarma, has actually accepted 3 percent walk in DA, reliable from July 2023. After the walk, the DA will certainly boost from half to 53 percent, which goes to the same level with the DA of main civil servant.

Meanwhile, on October 16, the Union Cabinet, chaired by Prime Minister Narendra Modi, accepted an extra instalment of Dearness Allowance (DA) to Central Government staff members and Dearness Relief (DR) to pensioners w.e.f. 01.07.2024 standing for a boost of 3 percent (3%) over the existing price of 50% of the Basic Pay/Pension, to make up versus cost increase. .
.(* )boost remains in conformity with the approved formula, which is based upon the referrals of the 7th

This Central Pay Commission mixed influence on the exchequer therefore both DA and DR would certainly be The.9,448.35 crore per year.Rs will certainly profit regarding 49.18 lakh main civil servant and 64.89 lakh pensioners.

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