Get ready to welcome good news from the central government, especially for those serving their employees, the DA arrears or much awaited Dearness Allowance. Such a payment for a period of 1 ½ years could prove to be a source of finance minim for millions of employees all across the country.
A Welcome Financial Boost
It’s possible that you keep checking your bank account expecting a balance boost if you work for the central government. The DA arrears were first cut during the COVID-19 outbreak that saw the government strapped for finances to fund several projects.
In expanding this measure the fiscus burden was defrayed although employee remuneration was also affected. As for now, it is also expected that the first portion of such arrears may be released by November 20, 2024.
Who Will Benefit?
Excluding the gratuity component, this payment is expected to cover all central government employees and more than one crore of them. In so doing the government intends on improving the overall financial position of the employees by releasing the arrears directly to their bank accounts. In a way, if the plan with this decision is to be carried out, then great strides in assisting employees in the public sector especially in these recessionary periods, would have been made.
previous plans and announcements
The denial of the DA payments can be traced back to January 2020, July 2020 and January 2021, where four installments have been cut due to the pandemic effects on the economy. Earlier, in the budget session itself, it had been made clear that the government did not intend to let off these arrears anytime soon. Yet, if we look at the sources more recent, a new trend has emerged, thus the preparations for the payout seem to be in progress.
Possible Release Date
From departmental reports, the first installment could be out before the end of this monthbut the actual date remains undisclosed. If this time line is to actualize itself then the DA arrears will at least offer timely relief to the employees’ financial burdens.
