Advertisement
Saturday, Dec 04, 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

Shaheen Bagh, CAA, Farmers’ Protest: Hip-Hop Is The Voice Of Dissent In India

Shaheen Bagh, CAA, Farmers’ Protest: Hip-Hop Is The Voice Of Dissent In India

Young, brash and little-known artistes are using hip-hop as an outlet to speak up and speak out.

World Disability Day: Visually Impaired Girls In Himachal Use Education To Dispel Darkness

World Disability Day: Visually Impaired Girls In Himachal Use Education To Dispel Darkness

Umang Foundation in Himachal Pradesh has helped many blind and visually impaired persons achieve their dreams by giving them access to higher education.

Mayank Notches Maiden 100 Vs NZ – Statistical Highlights

Mayank Notches Maiden 100 Vs NZ – Statistical Highlights

Mayank Agarwal's ton against New Zealand on Friday was his first since his 243 vs Bangladesh in 2019 at Indore.

Kashmir: Ghulam Nabi Azad Emerges As Key Player In J&K With Or Without Congress

Kashmir: Ghulam Nabi Azad Emerges As Key Player In J&K With Or Without Congress

Crowds at Congress leader Ghulam Nabi Azad's recent rallies show that he will be a key player in elections in Jammu and Kashmir, when they happen.

Advertisement