Cabinet approved 4% hike in dearness allowance to central government employees

Cabinet approved 4% hike in dearness allowance to central government employees

Daily Current Affairs / Cabinet approved 4% hike in dearness allowance to central government employees

Change Language English Hindi

Category : National Published on: March 28 2023

Share on facebook

The Centre has hiked the dearness allowance by 4 percent for all the government employees taking the total to 42 percent from 38 percent.
Centre will spend Rs 12,815 crore to fund the hike in dearness allowance, or DA, which will benefit over 1 crore employees of the central government.
This will benefit 47.58 lakh employees and 69.76 lakh pensioners.
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
It is revised twice a year in January and July as per government rules.
Last DA hike was announced on September 28, 2022, which got effective from July 1, 2022.
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. It is revised twice a year in January and July as per government rules.

Recent Post's

"12th Fail" wins Best Film at 71st National Film Awards; multiple actors honoured across categories.
Read More....
Vice-Admiral Sanjay Vatsayan assumes charge as Vice Chief of the Indian Navy.
Read More....
Bihar’s draft voter list shows reduction of 65 lakh voters after intensive revision.
Read More....
Malta to host 2027 Commonwealth Youth Games with eight-sport lineup including sailing and water polo.
Read More....
Google to invest ₹51,000 crore in Asia’s largest data centre in Visakhapatnam.
Read More....
Cabinet approves ₹6,520 crore outlay for PM Kisan Sampada Yojana till 2025–26.
Read More....
Fitch cuts India’s FY26 GDP forecast to 6.3%, cites limited impact of U.S. tariffs.
Read More....
Deepak Reddy appointed CEO of Manappuram Finance to lead next growth phase.
Read More....
Mascot unveiled for Asia Rugby U-20 Championship to be held in Bihar’s Rajgir.
Read More....
Lt Gen Pushpendra Singh assumes charge as Vice Chief of Army Staff.
Read More....