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  • DA Hike: Year-end meeting to bring salary increase for govt employees

DA Hike: Year-end meeting to bring salary increase for govt employees

Government employees are set for a pay raise before the year ends. After a long wait, a meeting regarding salary and DA increase has concluded with a decision to increase both. Calculations for the new pay scales are being finalized.

2 Min read
Author : Ajay Joseph
Published : Nov 18 2024, 11:31 AM IST
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Central government employees is celebrating DA hike amidst festive cheer. Employees under the 7th Pay Commission received a 3% Dearness Allowance increase.

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Following this, employees under the 5th and 6th Pay Commissions also received a DA increase. Bigger news is on the horizon! It's anticipated that positive news regarding the 8th Pay Commission will arrive next year.

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More good news for government employees? Nearly a decade has passed since the formation of the 7th Pay Commission in 2014. Demands for a new pay commission have surfaced repeatedly. A segment of government employees is now advocating for the need for an 8th Pay Commission.

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Reports indicate that the National Council of the Joint Consultative Machinery recently met with the Union Finance Secretary. Numerous reports previously claimed that a final decision on the formation of the 8th Pay Commission could be made in November.

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Some government employees speculate that positive news regarding the 8th Pay Commission's formation might be announced in the next year's budget. It is believed that the minimum wage for central government employees could see a substantial increase.

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Some employee unions suggest that if the previous formula is applied, the base salary could increase from Rs 18,000 to Rs 34,560. Other allowances like DA, HRA, and travel allowance are also expected to increase.

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

 

About the Author

AJ
Ajay Joseph
With over eight years of journalistic experience, Ajay Joseph Raj. P has been a dedicated member of the Asianet Newsable team, where he serves as the Chief Copy Editor. His expertise spans Business, Career, Stock Market, National, International, and viral/trending topics, with a knack for crafting compelling narratives that connect with diverse audiences. Before joining Asianet Newsable, Ajay honed his skills at OneIndia News and Opoyi English, gaining extensive experience in delivering impactful stories across various beats.
 
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