Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi has given the approval for a substantial 4% hike in dearness allowance (DA) in a move aimed at providing relief to central government Teachers and pensioners. Union Minister Anurag Thakur made this announcement during a recent press briefing, unveiling the government’s commitment to addressing the economic challenges posed by inflation. Central Government Teacher will be getting an increase in their salary as per Increase Dearness Allowance from 1 July 2023.
Cabinet has made an increase in dearness allowance and dearness relief, effective from July 2023, which represents an enhancement from the existing rate of 42% of the Basic Pay/Pension, making the new rate Dearness Allowance i.e. 46% as per 7th pay commission. This decision aligns with the well-established formula derived from the recommendations of the 7th Central Pay Commission. DA Allowance revisions typically occur in January and July each year.
As per Cabinet reports, positive outcome of DA Hike decision extends to approximately 48.67 lakh central government employees and 67.95 lakh pensioners, who will directly benefit from the increased dearness allowance. The calculation of dearness allowance for central government Teachers is based on the most recent Consumer Price Index for Industrial Workers (CPI-IW), a key indicator of inflation in the country.
Central Government has been releasing thousand of teaching vacancies i.e. PGT, TGT and PRT for KVS, DSSB and NVS Schools. All the selected candidate will get salary with hiked DA i.e. 46 % along with their pay scale as per 7th pay commission. The government traditionally revises the dearness allowance in order to counterbalance the impact of rising prices and to ensure that the standard of living for its employees and pensioners is maintained. It is a step that reflects the government’s commitment to the well-being of its employees and retirees and their economic security during times of inflationary pressures.
The decision to increase dearness allowance serves as a testament to the government’s efforts to cushion the financial well-being of its workforce, ensuring they can navigate the challenges posed by economic fluctuations with confidence and stability. This proactive measure is set to have a positive impact on the lives of central government employees and pensioners across the country.