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Business News/ News / India/  Centre hikes DA by 3%, to benefit 1.1 crore govt employees, pensioners
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Centre hikes DA by 3%, to benefit 1.1 crore govt employees, pensioners

The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners
  •  The increase is based on the recommendations of the Seventh Central Pay Commission
  • A file photo of finance minister Arun Jaitley. (Reuters)Premium
    A file photo of finance minister Arun Jaitley. (Reuters)

    New Delhi: The Union Cabinet on Tuesday increased the dearness allowance by 3% effective from 1 January 2019, a move which will benefit 1.1 crore central government employees and pensioners.

    The decision in this regard was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi.

    The Cabinet has approved additional DA of 3% over the existing rate of 9% to government employees and dearness relief to pensioners from 1 January 2019, Finance Minister Arun Jaitley told reporters after the Cabinet meeting.

    The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.

    This increase is in accordance with the accepted formula, which is based on the recommendations of the Seventh Central Pay Commission.

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    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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    Published: 19 Feb 2019, 08:48 PM IST
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