DT
PT
Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds
search-icon-img
search-icon-img
Advertisement

Centre hikes DA/DR by 2 percentage points for employees, pensioners

The combined impact on the exchequer on account of increase in both DA and DR to be Rs 6,614.04 crore per annum
  • fb
  • twitter
  • whatsapp
  • whatsapp
featured-img featured-img
Photo for representation. iStock
Advertisement

The Union Cabinet on Friday increased the Dearness Allowance (DA) by 2 percentage points, effective from January 1 this year, benefitting nearly 1.15 crore central government employees and pensioners.

Announcing the decision after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw said the Union Cabinet has approved the release of an additional instalment of DA to central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2025, representing an increase of 2 per cent over the existing rate of 53 per cent of basic pay/pension, to compensate against price rise.

The combined impact on the exchequer on account of increase in both DA and DR would be Rs 6,614.04 crore per annum. It will benefit about 48.66 lakh central government employees and 66.55 lakhs pensioners.

Advertisement

The increase is in accordance with the accepted formula based on the recommendations of the 7th Central Pay Commission. DA and DR is paid to adjust the cost of living and protect employees and pensions from inflation.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
tlbr_img1 Home tlbr_img2 Opinion tlbr_img3 Classifieds tlbr_img4 Videos tlbr_img5 E-Paper