Budget 2024 is anticipated to bring significant news for government employees, with a potential hike in dearness allowance (DA). Finance Minister Nirmala Sitharaman is set to present her sixth budget, marking the first interim budget of Modi's second term.
The expectations include tax reductions, measures for farmers and women, and a projected 4% increase in DA, which, if implemented, would raise the 7th Pay Commission's DA by 50%, positively impacting the monthly salaries of central government employees. The December AICPI index might influence the final decision, possibly decreasing by 0.3 points to 13.
As the excitement builds for Budget 2024, whispers suggest Finance Minister Nirmala Sitharaman's interim budget is primed for a grand unveiling. Alongside the anticipated 4% Dearness Allowance hike for government employees, insiders hint at a comprehensive financial package, including tax reforms, farmer-centric initiatives, and measures to empower women.
If realized, these announcements could mark a significant milestone, reshaping the financial landscape and leaving a lasting impact on various sectors of the economy.
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