Government Greenlights 2% DA Increase for Central Employees, Eyes on 8th Pay Commission Changes
In a move impacting nearly 115 lakh central government employees and pensioners, the Union Cabinet has approved a 2% increase in Dearness Allowance effective January 2025. Arrears for the early months will be included in upcoming salaries. This change raises the DA to 55% of basic pay. The 8th Pay Commission, recently formed, is expected to recommend further revisions to the pay structure by early 2026.
Union Budget 2025: Anticipations and Impacts on Share Market from Nirmala Sitharaman's Announcement
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025-26, anticipation builds in the financial sector, with significant effects predicted for the share market. Economic indicators show a potential growth rate between 6.3-6.8% for India. Prior to the budget announcement, the stock indices saw a notable rise, pointing to potential optimism. Key budget measures might aim at alleviating middle-class financial pressures and strengthening fiscal prudence.