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Wednesday, August 29, 2018

Dearness Allowance (DA) Hiked For Central Government Employees, Pensioners 2 %

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Dearness Allowance (DA) Hiked For Central Government Employees, Pensioners 2 %

The decision was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.

The combined impact to the government exchequer on account of both DA and dearness relief would be Rs 6,112 crore per annum and Rs 4,074 crore in the financial year 2018-19 (for a period of eight months, from July 2018 to February 2019), the government said in a statement.

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

Dearness Allowance (DA) Hiked For Central Government Employees, Pensioners 2 %

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