March 29, 2024 17:07 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi to kickstart BJP's Lok Sabha poll campaign from Meerut | Kangana Ranaut in Mandi: 'Don't think I am a heroine, consider me as your sister and daughter' | Mayawati, Akhilesh Yadav demand high-level probe into Mukhtar Ansari's death | PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63
Cabinet clears 4 pct hike in DA for central govt employees DA hike
Image Credit: Videograb

Cabinet clears 4 pct hike in DA for central govt employees

India Blooms News Service | @indiablooms | 24 Mar 2023, 10:20 pm

New Delhi/IBNS: The Union Cabinet chaired by Prime Minister Narendra Modi on Friday has given its approval to release an additional instalment of Dearness Allowance (DA) to central governments employees and Dearness Relief to Pensioners with effect from Jan 1 of this year. 

The additional instalment will represent an increase of 4 per cent over the existing rate of 38 per cent of the Basic Pay/Pension, to compensate for the price rise.

This will take the total to 42 per cent.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,815.60 crore per annum.

This will benefit about 47.58 lakh central government employees and 69.76 lakh pensioners, an official statement said.

This increase is in accordance with the accepted formula which is based on the recommendations of the 7th Central Pay Commission.

The centre last revised DA in September 2022, effective retrospectively from July 1, 2022. That time, too, it was raised by 4 per cent to 38 per cent.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.