Centre announces 3% hike in dearness allowance for employees
The Centre on Wednesday increased the Dearness Allowance (DA) by 3 percentage points effective from July 1 this year, benefitting more than 1 crore employees and pensioners ahead of the Diwali festival.
The Union Cabinet has approved to increase Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners by three percentage points of the basic pay/pension ahead of Diwali, Union Minister Ashwini Vaishnaw said after the Cabinet meeting.
The DA/DR hike will be effected from July 1, 2024, the minister said.
Earlier in March this year, the government hiked DA/DR by 4 percentage points to 50 per cent from January 1, 2024.
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