Dearness Allowance (DA) Hikes By 3% for Central Employees From 28% to 31%
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♦The 3% increase is in addition to the existing rate of 28% of basic pay/pension. About 47.14 lakh Central government employees and 68.62 lakh retirees will profit from the measure. It will cost the government Rs 9,488.70 crore a year.
♦After a meeting earlier in the day, the Union Cabinet approved the DA and DR hikes. For central government employees and retirees, this is a positive development.
♦After nearly a year, the government officially approved pending DA and DR increases for central government employees and pensioners in July 2021.