Union Cabinet approves DA hike by 4 percent

NEW DELHI: In a festival bonanza for lakhs of Central government employees and pensioners, the Union Cabinet on Wednesday gave its clearance for the release of an additional installment of Dearness Allowance and Dearness Relief at 4 percent.

This would be due from July 1, 2022.

A total burden of Rs 12,852 crore would be borne by the exchequer towards the payment of these allowances for the current fiscal, official sources said.

From July 1, 2022, till March 31, 2023, a total of Rs 8,568 crore would be spent on it.

DA hike will be beneficial for over 50 lakh Central Government employees and 62 lakh pensioners. With this, the DA has been increased from 34 percent to 38 percent for all the employees. (IANS)

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