The decision to release the outstanding DA and DR of central employees can give a booster dose to the consumption in the country. Consumption can get a booster dose of one lakh crore rupees after the release of DA and DR withheld by the government. The DA of central employees is increasing from July 1. Due to this, their salary can increase from Rs 3 thousand to Rs 30 thousand. The government has increased the DA and DR from the existing 17 percent to 30 percent. With this, the DA at the entry level will be Rs 23 thousand. At the same time, it can increase to Rs 2,25,000 at the top level.
30 thousand crore rupees burden on the central government
Release of stalled installment of DA and DR of central employees will cost the central government Rs 30,000 crore. After this decision of the central government, the state government will also release the stalled installment of DA and DR. Due to this, the burden of 60 thousand crores will be imposed on the state governments. With this, the central government is estimating to save 25 thousand crore rupees. At the same time, 55 thousand crore rupees can be saved for the state governments. In this way, a total of 80 thousand crore rupees can be saved for the central state government.
Booster dose of one lakh crore rupees for consumption
Withholding the installment of DA and DR can save 40 thousand crore rupees for the central and state governments in the April-June period. After releasing the installments of DA and DR by the central and state governments, the consumption in the country can get a booster dose of Rs 1 lakh crore. The government believes that the stalled installment of DR and DR will increase consumption and demand and this can help the economy get back on track.
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