The Union Cupboard, chaired by Prime Minister Narendra Modi, on Wednesday accredited a 3 per cent hike in dearness allowance (DA), elevating it from 55 per cent to 58 per cent for central authorities workers and pensioners, simply forward of Diwali.
“The mixed impression on the exchequer on account of enhance in each Dearness Allowance and Dearness Reduction could be ₹10,083.96 crore each year,” the Cupboard mentioned.
This transfer will profit round 4.919 million central authorities workers and 6.872 million pensioners. The rise follows the accepted components primarily based on the suggestions of the seventh Central Pay Fee, guaranteeing a scientific adjustment to salaries and pensions consistent with inflation.
