Advertisement
Thursday, Dec 09, 2021
Outlook.com
Outlook.com

Dearness Allowance For Central Govt Employees Hiked By 3 Per Cent

According to the Cabinet, the hike will benefit 47.14 lakh current employees of the central government, along with 68.62 lakh pensioners.

Dearness Allowance For Central Govt Employees Hiked By 3 Per Cent
Dearness Allowance For Central Govt Employees Hiked By 3 Per Cent
outlookindia.com
2021-10-21T16:56:59+05:30

The Union Cabinet on Thursday approved a 3 per cent hike to dearness allowance for central government employees. The press statement informed the 3 per cent increase is over the existing rate of 28 per cent of basic pay or pension and is meant to compensate for the overall price rise in the country. 

According to the Cabinet, the hike will benefit 47.14 lakh current employees of the central government, along with 68.62 lakh pensioners.

The combined impact on the exchequer on account of dearness allowance and dearness relief has been calculated at Rs 9,448.70 crore per annum.

"The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today has approved to release an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1.7.2021 represents an increase of 3% over the existing rate of 28% of the Basic Pay / Pension, to compensate for the price rise," the release stated. 

 

 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers will start vacating Delhi border points from Dec 11, this may take some time, says farmer leader Rakesh Tikait.

Farmers' Agitation: Is it Historic Victory For Farmers?

Farmers' Agitation: Is it Historic Victory For Farmers?

Observers consider it even bigger than the anti-displacement land movement of 2006-08 in Singur-Nandigram-Kalinganagr resulting in the scrapping of an archaic land acquisition act in 2013.

How Disdainfully Has BCCI Sacked Virat As ODI Captain

How Disdainfully Has BCCI Sacked Virat As ODI Captain

The decision to ease Virat Kohli out as ODI captain could have been more professionally handled. All BCCI did was mention a line in a release naming the Test squad to South Africa.

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ agitation suspended: The modified tractors fitted with music systems started snarling through the protest camping site at Singhu, while the farmers chanted slogans.

Advertisement