Kamis, 30 Agustus 2018

Cabinet Approves Additional 2% Hike Inward Da; To Create Goodness 1.1 Crore Employees, Pensioners

HIGHLIGHTS

  • Cabinet has approved an additional two per cent hike inward Dearness Allowance (DA) for primal regime employees
  • The hike is expected to create goodness well-nigh 48.41 lakh primal regime employees too 62.03 lakh pensioners

NEW DELHI: The Union cabinet on Midweek approved an additional two per cent hike inward Dearness Allowance (DA

) too Dearness Relief (DR

) for primal regime employees. The hike volition come upwards into termination from July 1, 2018.


"The Union Cabinet, chaired yesteryear the Prime Minister Narendra Modi

has approved to unloose an additional instalment of Dearness Allowance (DA) to Central Government employees too Dearness Relief (DR) to pensioners w.e.f. 01.07.2018 representing an increase of 2% over the existing charge per unit of measurement of 7% of the Basic Pay/Pension, to compensate for toll rise," an official regime unloose stated.
The increase is inward accordance amongst the accepted formula, which is based on the recommendations of the seventh Central 
Pay Commission
.

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