India News | Govt Hikes DA for Central Govt Employees, Pensioners by 4 Pc
Get latest articles and stories on India at LatestLY. The Union Cabinet on Friday increased the dearness allowance and dearness relief by 4 per cent to 42 per cent to benefit 47.58 lakh central government employees and 69.76 lakh pensioners.
New Delhi, Mar 24 (PTI) The Union Cabinet on Friday increased the dearness allowance and dearness relief by 4 per cent to 42 per cent to benefit 47.58 lakh central government employees and 69.76 lakh pensioners.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief will be Rs 12,815.60 crore per annum, I&B Minister Anurag Thakur told reporters after the meeting of Cabinet Committee on Economic Affairs (CCEA).
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The release of the additional instalment of dearness allowance to employees and dearness relief to pensioners will be effective from January 01, 2023.
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)