Cupboard approves DA hike by means of 4 p.c

Through IANS

NEW DELHI: In a pageant bonanza for lakhs of Central govt workers and pensioners, the Union Cupboard on Thursday gave its clearance for the discharge of an extra installment of Dearness Allowance and Dearness Reduction at 4 p.c.

This could be due from July 1, 2022.

A complete burden of Rs 12,852 crore can be borne by means of the exchequer against fee of those allowances for the present fiscal, reputable assets mentioned.

From July 1, 2022, until March 31, 2023, a complete of Rs 8,568 crore can be spent on it. DA hike might be advisable for over 50 lakh Central govt workers and 62 lakh pensioners.

With this, the DA has been greater from 34 p.c to 38 p.c for all of the workers.

NEW DELHI: In a pageant bonanza for lakhs of Central govt workers and pensioners, the Union Cupboard on Thursday gave its clearance for the discharge of an extra installment of Dearness Allowance and Dearness Reduction at 4 p.c.

This could be due from July 1, 2022.

A complete burden of Rs 12,852 crore can be borne by means of the exchequer against fee of those allowances for the present fiscal, reputable assets mentioned.

From July 1, 2022, until March 31, 2023, a complete of Rs 8,568 crore can be spent on it. DA hike might be advisable for over 50 lakh Central govt workers and 62 lakh pensioners.

With this, the DA has been greater from 34 p.c to 38 p.c for all of the workers.