Webdunia - Bharat's app for daily news and videos

Install App

Cabinet approves 4% hike in DA for Central govt employees

UNI
Friday, 8 March 2024 (09:30 IST)
New Delhi: In view of Lok Sabha elections in the next 2-3 months, the Union Cabinet chaired by Prime Minister Narendra Modi approved releasing an additional installment of Dearness Allowance (DA) of 4 percent to Central Government employees and Dearness Relief (DR) to pensioners with effect from January 1 this year.
 
The government has given an increase of 4 percent over the existing rate of 46 percent of the basic pay or pension to compensate for the price rise, an official press release said here.
 
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 12,868.72 crore per annum. This will benefit about 49.18 lakh Central Government employees and 67.95 lakh pensioners.
 
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission, the statement added.

Related Article

See All

Top News

One of the best in the world: Australia captain Pat Cummins recognises India's game-changer after Perth defeat

Pakistan: Thousands defy lockdown to demand Imran Khan's release

Virat Kohli's 30th Test ton to Jasprit Bumrah equaling with Kapil Dev's record: India shatter multiple records on their way to historic win in Perth Test

Must Read

Landslides and mudslides: Can they be prevented?

Fungi are adapting to body heat — a 'doomsday scenario'

Could a Syrian war criminal be attending Paris Olympics?

Next Article
Show comments