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Good news for central govt employees! Govt hikes dearness allowance to 31% from 28%
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The Union Cabinet on Thursday hiked dearness allowances (DA) and dearness relief (DR) for central government employees and pensioners by 3 percentage points to 31% of basic pay/pension, which will cost the exchequer an additional about Rs 7,100 crore for the July-March period of FY22.
The combined impact on the exchequer on account of both DA and DR would be Rs 9,489 crore per annum, union information and broadcasting minister Anurag Thakur said. The revised DA/DR will be paid from July 1, 2021, i.e., for nine months in FY22. The revised DA/DR will benefit 47.14 lakh union government employees and 68.62 lakh pensioners.
On July 14, the Centre had hiked DA and DR for government employees and pensioners by 11 percentage points to 28% of basic
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