NewsBizkoot.com

BUSINESS News for MILLENIALAIRES

DA Hike: Big gift from the government before Holi… 4% increase in DA of employees.. Check Details

3 min read

Yogi Adityanath Govt DA Hike: After the Central Government, now the Uttar Pradesh Government has taken a giant choice. Just before Holi, this choice of Yogi Government to increase the dearness allowance of state staff by 4 p.c will increase an extra burden of Rs 350 crore on the government exchequer.

– Advertisement –

After the Narendra Modi government at the Centre, now the Yogi Adityanath government of Uttar Pradesh has given a giant gift to the state staff before Holi. The government has introduced a 4 p.c increase in the dearness allowance of state staff (4% DA Hike). This means there will probably be a bumper increase in their wage. UP state staff will get the profit of elevated dearness allowance from January 1, 2024.

A burden of Rs 350 crore on the government exchequer,

this huge choice of the government will profit about 10 lakh state staff and eight lakh lecturers of Uttar Pradesh. Just before Holi, this choice of Yogi Government to increase the dearness allowance of state staff by 4 p.c will increase an extra burden of Rs 350 crore on the government exchequer.

Additional Chief Secretary Finance Deepak Kumar of Uttar Pradesh Government has issued an order in this regard. According to the data shared in this, the arrears of January and February will probably be deposited in the staff’ PF account, whereas the DA of March will probably be given together with the wage in April.

DA elevated from 46% to 50%.

Before the Lok Sabha elections to be held in the nation this 12 months, the Central Government elevated the dearness allowance of the central staff, whereas the Uttar Pradesh Government additionally gave a giant gift to the state staff. Is. After this choice of the government, DA of government staff of the state will increase from 46 p.c to 50 p.c. With this increase, there will probably be a bumper increase in his wage additionally.

Central staff have additionally received advantages.

Pm Narendra Modi Govt had additionally made a giant announcement after the Union Cabinet assembly not too long ago and elevated the Dearness Allowance (DA) of central staff by 4 p.c. After this, the DA he acquired elevated from 46 p.c to 50 p.c. The Centre’s choice to hike DA-DR for workers and pensioners will put an extra burden of about Rs 12,879 crore on the central government’s treasury.

There will probably be this a lot increase in wage.

If we have a look at the calculation of increase in wage of Uttar Pradesh state staff after DA Hike, if an worker will get a primary pay of Rs 18,000, then the dearness allowance of the worker would at the moment be Rs 8,280 at the charge of 46 p.c. However, after an increase of 4 p.c, if the calculation is completed on the foundation of 50 p.c, then it’s going to increase to Rs 9,000. That means, there will probably be a direct increase of Rs 720 in his wage.

Similarly, whether it is calculated on the foundation of most primary pay, then an worker getting Rs 56,900 will get DA of Rs 26,174 at the charge of 46 p.c, whether it is 50 p.c, the determine will grow to be Rs 28,450. That means the wage will increase by Rs 2,276.

– Advertisement –

About Author