DA Hike Expected Before Festive Season: Arrears for 4 Months Confirmed

The central government is likely to gift its employees a 3% DA hike just ahead of the festive season. Following the trend of the All India Consumer Price Index, the increase is slated to help staff keep up with rising inflation. The Union Cabinet’s approval is the final step, after which the new rates will be applied retroactively from July 2024. Pensioners will also benefit from a matching increase in Dearness Relief, ensuring financial stability for retired personnel.