Government Approves 3% Increase in Dearness Allowance for Employees Before Diwali
In a significant announcement made during a cabinet meeting, the central government has approved a 3% increase in the dearness allowance (DA) for its employees and pensioners. This adjustment brings the total DA to 50%, up from the previous 47%. The decision comes just weeks before Diwali, providing much-needed relief to over one crore government employees and pensioners as they prepare for the festive season.
In a significant announcement made during a cabinet meeting, the central government has approved a 3% increase in the dearness allowance (DA) for its employees and pensioners. This adjustment brings the total DA to 50%, up from the previous 47%. The decision comes just weeks before Diwali, providing much-needed relief to over one crore government employees and pensioners as they prepare for the festive season.
The dearness allowance is a crucial benefit for government employees and pensioners, aimed at compensating for the rising cost of living due to inflation. The DA is revised twice a year based on the latest consumer price index for industrial workers, ensuring that it aligns with current economic conditions.
The increase is expected to positively impact the disposable income of employees, allowing them to better manage their expenses during the festivities. This move is seen as a gesture of support from the government, reflecting its commitment to the welfare of its workforce during these challenging economic times.
As the festive season approaches, this hike in dearness allowance will not only alleviate financial burdens but also contribute to the overall economic activity as families celebrate and spend during Diwali.
Sources By Agencies
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