spot_imgspot_img
spot_img

Date:

Cabinet approves 4 pc DA hike

KD NEWS SERVICE

NEW DELHI, Sep 28: Ahead of Diwali festival, the Cabinet on Wednesday approved 4 per cent additional instalment of Dearness Allowance and Dearness Relief to central Government employees and pensioners with effect from July 1, 2022.

The move will benefit about 41.85 lakh Central Government employees and 69.76 lakh pensioners.

The central government employees and pensioners will become entitled to higher amount of Dearness Allowance (DA) and Dearness Relief (DR) respectively, with effect from July 1, 2022, said I&B Minister Anurag Thakur at a press briefing here.

The additional financial implications on account of the increase of DA to employees are estimated at Rs 6,591.36 crore per annum, and Rs 4,394.24 crore in the financial year 2022-23 (8 months from July, 2022 to February, 2023).

The additional financial implications in case of pensioners are estimated at Rs 6,261.20 crore per annum, and Rs 4,174.12 crore in the financial year 2022-23.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be of the order of Rs 12,852.56 crore per annum and Rs 8,568.36 crore in the current financial year, the Minister informed. (AGENCIES)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

spot_imgspot_img

Subscribe

More like this
Related

BJP slams new alliance over Article 370 demand

Rehan Qayoom MirSrinagar, Jul 01 : The Bharatiya Janata...

Amarnath Yatra a festival of brotherhood: Dy CM

Raja Syed RatherSonamarg, Jul 01 : Jammu and Kashmir...

GST reshaped India’s economic landscape: PM Modi

New Delhi, Jul 01 : Terming rolling out of...