DA/ DR Arrears 2024: Good news! Proposal for 18 months arrears with the government

There is a big news for the government employees who are waiting for their outstanding dearness allowance and dearness relief allowance. Let us tell you that this news can be very important and happy for pensioners and government employees.

Important steps can be taken by the government on DA/DR arrears 2024. In fact, the outstanding arrears of 18 months have already reached the government for discussion. Therefore, if you are also waiting for your arrears money, then there are chances that you will receive it soon.

Today through this post we will tell you information related to DA / DR Arrears 2024. Once you read this article, it will become clear to you as to when you can get your arrears money. We will also give you more useful information related to arrear amount.

DA/DR Arrears 2024

As you must be aware that when it was the time of Corona, the Central Government had stopped the increase in DA and DR. In such a situation, the arrears of central employees and pensioners are due from July 2020 to December 2021 i.e. 18 months of arrears.

The biggest thing of happiness is that the government has now started making mandatory preparations for releasing this money. In this way, those who are pensioners and central employees, there is every possibility of getting a huge amount in the coming time.

Here let us tell you that 50 lakh central employees as well as 65 lakh pensioners will directly get the benefit of DA and DR arrears. The government is considering how to release this money. As soon as this proposal is approved by the Finance Ministry, an announcement related to it will be made thereafter.

What is DA/DR Arrear 2024 and what is its importance

The full name of DA is Dearness Allowance whereas DR is similarly known as Dearness Relief Allowance. It is very important for those who are government employees and pensioners, because it is considered to be a very large part of their income. It is changed by the government with an interval of every 6 months.

In this way, when the government changes the Dearness Allowance and Dearness Relief Allowance, maximum attention is paid to the inflation rate. Let us tell you that during the Corona crisis, the government had stopped the allowances of its employees and pensioners. In such a situation, now 18 months of arrears are owed to the government, which has to be paid by all the central employees and pensioners.

Who will get benefit under DA/DR Arrears 2024

When the government releases Dearness Relief Allowance and Dearness Allowance, the following citizens are likely to benefit from it –

• Approximately 50 lakh employees working under the Central Government will benefit from this.
• Around 65 lakh central pensioners will be able to avail its benefits.
• Such employees who are working under Central Public Sector Undertakings will also get benefits.
• At the same time, the security personnel and ex-servicemen of our country will also be benefited from the arrear amount.

How to Calculate DA/DR Arrears 2024

The calculation of dearness allowance and dearness relief allowance by the government is done keeping in mind the following things –

• From the month of July 2020, the rate of Dearness Allowance and Dearness Relief Allowance was up to 17%.
• Similarly, in the year 2021, DR and DA increased to 28% from January.
• Then in the year 2021, it increased from the month of July and after that it reached 31%.

How much benefit will be received from DA / DR arrears 2024

• Those who are Level 1 employees can get arrears ranging from Rs 11880 to Rs 37554.
• Similarly, the amount of arrears of Level 13 employees can range from Rs 144200 to Rs 218200.
• Whereas such employees who come under Level 14, it is possible to get the amount of arrears ranging from Rs 182200 to Rs 224100.

Mode of Payment of DA/DR Arrears 2024

Dearness Allowance and Dearness Relief Allowance can be paid by the government using the following methods –

• First of all, the proposal for DA/DR arrears will be prepared by the Finance Ministry.
• When the proposal is ready, it will be sent to the Cabinet for approval.
• If the cabinet approves it, then the process of allocating budget to complete this work will be done.
• After this, instructions will be sent to all the concerned departments for payment to the employees and pensioners.
• In the last phase, the arrear amount will be sent to the bank accounts of employees and pensioners.

Some important options for DA/DR Arrears 2024

The government is currently considering how to pay the arrears amount. Some important possible options under this can be as follows –

• It is possible that the government will send the DA and DR money together to the account.
• It is also possible that the arrear amount may not be paid all at once but may be divided into installments.
• Regarding the amount of arrears, it is also possible that the government may give some part in cash to the employees and pensioners and deposit the rest in GPF or NPS.
• The government can also provide the money for Dearness Allowance and Dearness Relief Allowance in a phased manner. Under this, the employees who are getting higher salaries can be given the arrears money first.

What will be the impact of DA/DR Arrears 2024 on the economy?

When the DA/DR arrear amount is paid, the following effects will be seen on our economy –

• When additional money comes into the pockets of government employees, their expenses will increase.
• When goods are purchased in the market, it will boost the economy.
• However, when the government pays the arrears, it will greatly increase the financial burden on the government.
• When too much money suddenly comes into the market, it may lead to an increase in inflation.