Wednesday, February 20, 2019

Dearness allowance hiked by 3% for Central govt employees, pensioners.

Date : 20.02.2019

Dearness allowance hiked by 3% for Central govt employees, pensioners.

The Union Cabinet on Tuesday approved an additional 3 per cent hike in Dearness Allowance (DA) over the existing rate of 9 per cent, a move that will benefit about 1.1 crore Central government employees and pensioners. 

The decision will cost the exchequer over Rs. 9,000 crore. The hike will come into effect retrospectively from January 1, 2019, Finance Minister Arun Jaitley said.

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