You are here: Home » News-IANS » Business-Economy
Business Standard

Cabinet approves 3% DA hike for government employees

IANS  |  New Delhi 

Union cabinet on Tuesday approved a three per cent hike in dearness allowance (DA) for central government employees and pensioners which will cost the exchequer Rs 9,168.12 crore.

According to Finance Minister Arun Jaitley, the current addition will take the DA from 9 to 12 per cent and that the move will benefit 48.41 lakh central employees and 62.03 lakh pensioners.

Previously, the Cabinet had raised the DA from seven to nine per cent last August 2018 which was implemented with retrospective effect from July 2018.

DA, paid to government employees and pensioners, is a cost of living adjustment allowance to mitigate the impact of inflation on people.

--IANS

rv/sn/prs

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 19 2019. 20:48 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU