NE NEWS SERVICE
NEW DELHI, OCT 16
Ahead of Diwali, the Union Cabinet has approved an additional instalment of 3% hike in Dearness Allowance (DA) for central government employees and Dearness Relief to Pensioners pensioners. The increase raises the DA from 42% to 45% of the basic pay, benefiting millions of employees across the country. It will come into retrospective effect from July 1, 2024.
#Cabinet approves 3% increase in DA/DR for Central Government employees and pensioners
An amount of ₹9,448 crore will be added to the pay cheque of all central government employees annually
This calculation is based on the increase in the 12-month average of the All India… pic.twitter.com/NXcekVais3
— PIB India (@PIB_India) October 16, 2024
- The combined impact on the exchequer on account of both DA and DR would be Rs.9,448.35 crore per annum
- This will benefit about 49.18 lakh central government employees and 64.89 lakh pensioners
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impact on the exchequer on account of both DA and DR would be Rs.9,448.35 crore per annum.
This will benefit about 49.18 lakh central government employees and 64.89 lakh pensioners.