Cabinet approves 2% hike in DA for central govt employees

by National | 29-08-2018 | 743 views

The Union Cabinet today approved the release of an additional instalment of dearness allowance (DA) for central government employees and dearness relief to pensioners with effect from 1 July, 2018. The DA hike will benefit about 48.41 lakh central government employees and 62 lakh pensioners. 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.

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