The Jharkhand government increased the DA of employees by 7% and DR of pensioners, which will be effective from July 1, 2024. This step will provide relief from inflation and strengthen the economy of the state.
The Jharkhand government has announced a seven percent increase in the dearness allowance (DA) of its employees. This decision was taken in a cabinet meeting chaired by Chief Minister Hemant Soren. This will provide financial relief to thousands of government employees of the state. This move of the government will increase the purchasing power of the employees and they will be able to reduce the impact of inflation to some extent.
Will be implemented from retrospective date
The government has clarified that this increase will be effective from July 1, 2024. This means that the employees will also get the payment of arrears of DA, which will increase their total income in one go. Financial experts believe that this will improve the financial condition of the employees and increase purchases in the market.
New DA under Sixth Pay Commission
The DA of government employees coming under the Sixth Central Pay Commission has been increased from the current 239% to 246%. Lakhs of employees will benefit from this decision. Government employees’ organizations have welcomed this decision and called it a positive step taken by the government.
Relief to pensioners too
Not only the current government employees, but pensioners will also get the benefit of this increase. The government has also increased the Dearness Relief (DR) by seven percent, due to which pensioners will get 246% DR. This is a relief news for those senior citizens who were troubled due to inflation in their monthly expenses.
Increase for Fifth Pay Commission employees too
The Jharkhand government has also increased the dearness allowance for the employees coming under the Fifth Pay Commission. Now their DA has been increased from 443% to 455%. This will also provide financial assistance to the senior government employees of the state.
Impact on economy
Experts believe that the increase in DA and DR will also boost the economy of Jharkhand. Increasing the income of the employees will increase their purchasing power, which will increase the demand in the market. Apart from this, this move of the state government will instill satisfaction and enthusiasm in the employees, which is also likely to improve efficiency.
Reaction of employee organizations
Various organizations of government employees have welcomed this increase. They say that this increase was necessary in view of the rising level of inflation. However, some organizations have also demanded that the DA hike should be made more, so that the effect of inflation can be completely reduced.
Positive signal from the government
Joint Cabinet Secretary Rajiv Ranjan said after this announcement that the state government is constantly working for the welfare of the employees. He also indicated that in future also the government can take such decisions as per the need, so that the employees can get financial relief.
It is worth noting that this decision of the Jharkhand government is a relief for government employees and pensioners. While the increase in DA and DR will give financial strength to the employees, it will also have a positive impact on the economy of the state. This step of the government is being seen as an important effort towards improving the standard of living of the employees.
