DEARNESS ALLOWANCE INCREASE
8th Pay Commission salary hike may miss January 2026 deadline: Will it impact calculation of fitment factor?
The implementation of the 8th Pay Commission is not only being eagerly awaited by salaried employees. Nearly 67 lakh government pensioners are also impacted by any revision in the pay scale.
Rare earths are not rare: Chinese move can backfire
China's export controls on rare earth elements, crucial for various industries, have sparked global concern, particularly in the electric vehicle sector. While China dominates rare earth mining and refining, this strategic move to weaponize these resources is incentivizing other nations to develop their own supply chains and explore alternative materials.
Maharashtra cabinet gives nod to hike excise duty on liquor, grant statutory status to SC commission
The Maharashtra cabinet has approved changes to boost revenue. Excise duty on liquor will increase. A new category for locally made liquor is introduced. The cabinet granted statutory status to the Maharashtra State Scheduled Castes Commission. Stipends for physiotherapy, occupational therapy, and nursing students will also increase. These measures aim to generate additional revenue and support social justice and education.
Is UPS better than NPS for government employees? Here’s how to decide
By 30 June, central government employees must decide whether to continue with the National Pension System (NPS) or switch to the newly rolled out Unified Pension Scheme (UPS) as their retirement chariot. This switch can only be exercised once.
ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know
The income tax department has introduced enhanced validation rules in the ITR filing utility for FY 2024-25 (AY 2025-26), primarily affecting salaried individuals and those claiming deductions under the old tax regime. Taxpayers must now provide detailed information for HRA, Section 80C, 80D, 80E, 80EE/80EEA, 80EEB, and 80DDB claims, aiming to curb false claims and expedite ITR processing.
Centre hikes central deputation allowance for certain category of officers
The central government has increased the central deputation allowance. This is for specific officer categories. The Department of Personnel and Training issued an order. The Central Secretariat (Deputation on Tenure) Allowance rates are revised. All India services and Group A central services officers are eligible. They must be appointed as Under Secretary, Deputy Secretary, or Director.
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Jammu and Kashmir DA hike 2025: Pensioners to get 55% DA from January 1, arrears in June
Dearness Allowance hiked: Central government employees would see an increase of 2% in dearness allowance-from 53% to 55%, as per a government issued on June 4, 2025
Rs 5,000 crore tycoon says real success is when others are 'jealous' of your mother
Dr. Arokiaswamy Velumani, the founder of Thyrocare Technologies, posted a message on X. He urged men to treat women in their lives well. He also emphasized the importance of respecting mothers. Velumani is a supporter of traditional family values. He also spoke about the negative impacts of overindulgence. He believes children should be encouraged to tackle challenges.
Bihar government hikes DA for its employees to 55 pc
The Bihar government has announced a DA hike for its employees and pensioners. This decision was made during a state cabinet meeting led by Chief Minister Nitish Kumar. Employees under the 7th Pay Commission will see a DA and DR of 55 percent. Those under the 6th and 5th Pay Commissions will also receive increased benefits.
Pay 25% DA to state government employees: Supreme Court to West Bengal
The Supreme Court has instructed the West Bengal government to provide a 25% Dearness Allowance (DA) to its state government employees, with the payment deadline set within three months. This interim order addresses a dispute initiated by employees seeking DA parity with central government rates. Despite incremental increases, a significant 37% gap remains, fueling discontent among the workforce.
The best player in the WNBA now has her own shoe. It took a long time.
A'ja Wilson, a dominant force in the WNBA, has finally received her signature shoe from Nike, a milestone delayed despite her numerous achievements and the league's growing popularity. This makes her the first Black WNBA player since 2011 to have this honor.
If I could invest in only one asset class for life it would be this: Sriram Iyer, HDFC Pension MD & CEO
Strong subscriber growth across corporate and retail segments shows how simplified messaging, tax incentives, and digital access are driving NPS adoption, but tailoring the pitch to different life stages is key to building long-term engagement, Sriram Iyer, MD & CEO, HDFC Pension, tells Yasmin Hussain.
Monthly Numerology Horoscope, May 2025 Numerology Prediction: all about clarity, change, travel, communications and new beginnings
Numerology Monthly Horoscope, May 2025: May 2025, under Mercury's dynamic leadership, is an era of fast action, new awareness, and potential for change. Communication happens easily, plans for trips solidify, and good ideas bear fruit. Prepare for new people in your social life, spontaneity-driven opportunities, and a need to redefine your path. Don't be shy now—be open to change, be quick with your mind, and take swift action
Tamil Nadu CM Stalin announces slew of sops for state government employees
Tamil Nadu Chief Minister M.K. Stalin announced significant welfare measures for state government employees and teachers, including a substantial increase in the marriage advance to Rs 5 lakh. Additionally, a 2% hike in Dearness Allowance (DA) will be implemented from April 1, 2025, benefiting approximately 16 lakh individuals and costing the state Rs 1,252 crore annually.
Starbucks now available at new location in Salisbury; do not miss the exclusive Snoopy cup giveaway
Starbucks has launched a new store on Tilghman Road in Salisbury, expanding convenience for coffee lovers on the east side. Open daily with mobile ordering available, the location arrives just in time for a special Snoopy cup giveaway for Rewards members. Salisbury now features three Starbucks locations to serve customers across the city.
Odisha announces 2 pc hike in DA for govt employees, pensioners
Odisha Chief Minister Mohan Charan Majhi has declared a two per cent increase in dearness allowance for state government employees and pensioners. This adjustment elevates the DA for employees and the temporary increase for pensioners from 53 per cent to 55 per cent.
UP Cabinet approves 2 per cent increase in dearness allowance for state employees
Recently, on March 28, the Union Cabinet, chaired by Prime Minister Narendra Modi approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2025 representing an increase of two per cent over the existing rate of 53 per cent of the Basic Pay or Pension to compensate against price rise.
Now, central government employees will get this allowance more than once a year
Central government employees will now receive their uniform allowance on a pro rata basis. This change addresses long-standing concerns and ensures fair distribution according to service duration, particularly for those who join central government services after July in a year. Uniform allowances vary by role, with amounts ranging from Rs 5,000 to Rs 20,000 per annum.
DA hiked by 2% in March 2025: What is the current dearness allowance of Central government employees?
The Union Cabinet has raised the dearness allowance for central government employees and pensioners from 53% to 55% of basic pay, effective January 1, 2025. This adjustment aims to combat inflation and includes arrears for January and February 2025.
DA hiked by 2% for central govt staff
The union cabinet has approved a 2% hike in dearness allowance for central government employees and pensioners, effective from January 2025. This raise will impact over 115 lakh individuals and cost the exchequer ₹6,614.04 crore annually. Additionally, the cabinet sanctioned a ₹3,712.40 crore highway project in Bihar.
DA hike from 53% to 55% approved by the cabinet; will it be merged with basic pay before the upcoming 8th Pay Commission?
Dearness Allowance Increased: The central government has approved a 2% hike in dearness allowance (DA) for its employees, raising it from 53% to 55% of their basic pay. The dearness relief for pensioners, or DR, will also be hiked by 2%. Central government employees and pensioners will receive their arrears for January and February along with their salaries for March 2025.
How much DA hike can central government employees expect from January this year?
The government is likely to announce a Dearness Allowance hike for central government employees and pensioners, effective January 1, 2025, sometime soon. Experts are predicting a 2% to 4% increase, impacting salaries and pensions positively. The increase will be determined based on inflation data. The formation of the 8th Pay Commission, which will be effective starting January 1, 2026, is also set to hike salaries and pensions of central government employees.
DA at 53%: Two allowances hiked for these central govt employees, check details
Two allowances hiked: Central government employees received higher take-home pay after the government raised a number of additional benefits when the dearness allowance reached 50%. The hike in DA led to a 25% increase in 13 important allowances from January 1, 2024 onwards.
DA, DR hiked to 53%: 9 things central government pensioners must know about latest dearness relief increase
DR hiked to 53%: The government declared a 3% rise in dearness allowance (DA) and dearness relief (DR) at the beginning of this month, raising the total to 53% of the basic salary for central government staff. DA is applicable to current central government employees, while DR is provided to retirees.
Uttarakhand govt hikes DA of employees from 50% to 53%
On Tuesday, the dearness allowance (DA) for Uttarakhand government employees was increased from 50% to 53% per month, with retroactive effect from July 1, 2024. Additionally, non-gazetted employees, local bodies, and daily wage workers are to receive an ad-hoc bonus based on continuous service criteria, up to a limit of Rs 7,000.
Latest on DA hike 2024: 13 allowances of central government employees to increase by 25% as dearness allowance touches 50%
Latest on DA hike: Now that the Dearness Allowance (DA) has reached the 50% mark, several other allowances will also see an increase. As a result, certain allowances are expected to experience a 25% boost.
DA hiked to 50%: 6 things central government employees should know about latest dearness allowance increase
Dearness allowance (DA) hiked: Here is look at six things to know about the basic pay hike according to an Office Memorandum (OM) released by the Ministry of Finance.
7th Pay Commission: Dearness allowance (DA) hike in news again; 4% increase expected
DA hike by 7th Pay Commission: DA is an amount paid to employees as part of salary to make up for inflation. When a hike is effected, it raises their salary. Dearness relief (DR), on the other hand, is an amount paid to pensioners under the same principles.
Dearness Allowance hike: DA rates revised for these central govt employees from July 1, 2023
Dearness Allowance hike from July 1, 2023: The Department of Public Enterprises (DPE) under the Ministry of Finance has revised the rates of Dearness Allowance payable to the executives of CPSEs holding Board level post or below Board level posts and Non-Unionized Supervisors who follow certain pay scales. All you need to know
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