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Journalism of Courage
The Union Cabinet Friday, following a meeting, gave its nod to raising the dearness allowance and dearness relief for its over one crore employees by 4 per cent, taking the total to 42 per cent from 38 per cent, Union Minister Anurag Thakur said.
The total extra outgo on the exchequer would be Rs 12,815.60 crore per annum to fund the hike in DA, the Minister informed the reporters after the meeting of Cabinet Committee on Economic Affairs (CCEA) being held in New Delhi.
The move will benefit about 47.58 lakh central government employees and 69.76 lakh pensioners, according to a report by news agency PTI.
The release of additional instalment of dearness allowance to government employees as well as dearness relief to pensioners will be effective from January 01, 2023, according to the PTI report.
The hike is in accordance with the accepted formula, based on the recommendations of the 7th Central Pay Commission.
