If this happens then it will prove to be like a booster dose in inflation. The government had increased DA by 4 percent in the month of March, since then the next half year is eagerly awaited.
New Delhi: Now the luck of central employees and pensioners is going to shine, because Modi government is going to give not one but two big gifts. Modi government is going to give a big update on fitment factor along with increase in DA of central employees, which will be like a big gift.
Due to falling temperature and festive season, the government can increase DA by about 4 percent, which will see a bumper increase in basic salary.
If this happens then it will prove to be like a booster dose in inflation. The government had increased DA by 4 percent in the month of March, since then the next half year is eagerly awaited.
The government has not announced when the DA will be increased, but media reports are claiming it to be soon. To know the details related to DA and fitment factor, you will have to read our article carefully.
Know how much DA will increase
If the Central Government increases the DA of central employees by 4 percent, then it will increase to 46 percent, due to which there will be a bumper jump in the salary. However, at present, central employees and pensioners are getting the benefit of 42 percent DA, which is enough to win everyone’s heart.
You will be happy to know that DA is increased twice a year, the rates of which are implemented from January 1 to July, which is enough to win everyone’s heart.
DA was last increased in the month of March, the rates of which were considered effective from January 1, 2023. If DA is increased now, its rates will be considered applicable from July 1, 2023, which will be considered a big financial assistance to the employees.
Fitment factor will also increase
Modi government is also going to increase the fitment factor, after which a record increase in salary is considered possible. The government is going to increase the fitment factor from 2.60 times to 3.0 times, which will see a bumper increase in the basic salary.
Many lakhs of employees will benefit from this. Anyway, employees have been demanding increase in fitment factor for a long time.
