Tuesday, April 23, 2024
spot_img

Cabinet okays 4 per cent hike in DA for Central govt staff

Date:

Share post:

spot_img
spot_img
New Delhi, March 7:  The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the release of an additional instalment of Dearness Allowance (DA) to Central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2024, representing an increase of 4 per cent over the existing rate of 46 per cent of the basic pay/pension, to compensate against price rise.

This will benefit about 49.18 lakh Central government employees and 67.95 lakh pensioners, according to an official statement issued after the meeting.

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

IANS

spot_img
spot_img

Related articles

Ethnic origins: staying with the science

Editor, The article by Bhogtoram Mawroh, “History of the sub-continent and the place of the Khasis in it” in...

Sexual crimes on the rise

The report of sexual assaults on two minors in South West Garo Hills sends a chill up the...

Meghalaya and UPSC Civil Services Exams

By Rudi Warjri Polling for the Lok Sabha Parliamentary elections 2024 is over in Meghalaya. For most it means...

A BJP slide is not unlikely

By Jagdish Rattanani It is never easy or safe to read the mood of the nation, particularly in the...