Cabinet approves 4% DA hike for Central Govt employees

September 28, 2022 04:39 pm | Updated 04:39 pm IST - New Delhi

Representational image.

Representational image. | Photo Credit: Reuters

Ahead of Diwali festival, the Union Cabinet on September 28 approved 4% 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 in New Delhi.

The additional financial implications on account of the increase of DA to employees are estimated at ₹6,591.36 crore per annum, and ₹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 ₹6,261.20 crore per annum, and ₹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 ₹12,852.56 crore per annum and ₹8,568.36 crore in the current financial year, the Minister informed.

Top News Today

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.