West Bengal DA Hike: The West Bengal authorities has fixed a acquisition to its much than 10 lakh authorities employees arsenic it announced a 4 per cent hike successful dearness allowance (DA) contiguous (Thursday, February 13, 2025).
West Bengal Finance Minister Chandrima Bhattacharya announced the DA hike portion presenting the authorities budget.
The Finance Minister said that the authorities authorities would summation the dearness allowance of authorities authorities employees by 4 per cent from April 1, 2025.
This volition summation the full dearness allowance of much than 10 lakh authorities authorities employees and pensioners to 18 per cent.
What is Dearness Allowance (DA)?
Dearness Allowance (DA) is an allowance fixed to authorities employees and pensioners, which is fixed to equilibrium the effect of inflation.
Its intent is to guarantee that the purchasing powerfulness of the employees is not affected by rising inflation.
How is dearness allowance calculated?
Dearness Allowance is calculated connected the ground of Industrial Workers Consumer Price Index (CPI-IW). It is released by the Central Government each 6 months.
Effect of summation successful dearness allowance
Purchasing powerfulness of authorities employees increases –
When DA increases, the income of employees increases, allowing them to bargain much goods and services.
Pensioners get alleviation –
The summation successful DA besides raises the monthly pension of authorities pensioners, improving their fiscal situation.
Demand increases successful the marketplace –
As the income of authorities employees increases, their spending capableness increases, starring to an summation successful the request for goods and services successful the market.
When is Dearness Allowance revised?
The authorities reviews DA each twelvemonth successful January and July and increases it arsenic needed. The cardinal and authorities governments springiness DA astatine antithetic rates, which depends connected their fiscal resources and policies.