Government Approves 3 Percent Dearness Allowance Hike for Employees Ahead of Diwali

Government Approves 3 Percent Dearness Allowance Hike for Employees Ahead of Diwali/NDTV

VoM News Desk | October 16, 2024 | 03:36 PM IST | Breaking News | Follow on Google News

Government Approves 3 Percent Dearness Allowance Hike for Employees Ahead of Diwali

Government Approves 3 Percent Dearness Allowance Hike for Employees Ahead of Diwali

The central government is set to raise the dearness allowance (DA) for its over crore employees and pensioners by 3 per cent, taking the total to 50 per cent from 53 per cent.

The decision was taken at a cabinet meeting this morning, weeks ahead of Diwali..This comes as a major relief to central government employees amid the festive season.

DA is given to government employees and pensioners to compensate them for increasing prices. Revised periodically twice a year, this allowance is calculated on the basis of the latest consumer price index for industrial workers. 

(Except for the headline, this story has not been edited by VoM News staff and is published from the syndicated feed)

VoM News Desk

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