ECONOMYDA hike: Finance ministry issues order to implement Cabinet...

DA hike: Finance ministry issues order to implement Cabinet decision on DA, DR hike from July 1

-

[ad_1]

The Finance Ministry on Tuesday issued an order to implement the Cabinet decision to hike Dearness Allowance for central government employees to 28 per cent from July 1.

Last week, the Union Cabinet had approved an 11 percentage point hike in Dearness Allowance (DA) and Dearness Relief (DR) for central government employees and pensioners with effect from July 1, benefitting more than 48 lakh central government employees, and 65 lakh pensioners.

With this, the new DA rate will be 28 per cent, up from 17 per cent.

In an office memorandum, the Department of Expenditure under the Finance Ministry said the DA payable to central government employees shall be enhanced from the existing rate of 17 per cent to 28 per cent of basic pay. The increase subsumes the additional instalments arising on January 1, 2020; July 1, 2020, and January 1, 2021.

“These orders shall also apply to the civilian employees paid from the Defence Services Estimates,” it said, adding for Armed Forces personnel and Railway employees separate orders will be issued by the respective ministries.

In April last year, the Finance Ministry had put on hold an increment in dearness allowance (DA) till June 30, 2021, due to the COVID-19 pandemic. The rate of DA from January 1, 2020, to June 30, 2021, was 17 per cent.

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Who is Isaiah Russell-Bailey?Age, Height, Parents, Career, Girlfriend, Net Worth

Isaiah Russell-Bailey Biography:- In this article, we talk about Isaiah Russell-Bailey is an American film and television actor. He made...

Who Is Celia Lora?Celia Lora Body, Career, Boyfriend & Net Worth

Celia Lora is a famous model who is rocking the fashion industry since her arrival. So what does makes her...

The Ultimate Guide On How To Recycle Your Old Mattress

Due to the increasing recycling industries and requirements for landfill space, many states and cities have been making mattress...

6 ICONIC PARENT TRAP LOCATIONS THAT YOU CAN ACTUALLY VISIT

Including the Napa Valley Vineyard & Elizabeth James’ Fancy London Home:ICONIC PARENT TRAP LOCATIONS:Despite the fact that it was...

Bigfafa.com Online Slots Casino Review

All hail the mighty online slots casino! The thing that allows me to come home after a day at...

Emma Raducanu “Hungry To Get Better” After US Open Fairtytale

Emma Raducanu became the first qualifier to win the US Open.© AFPUS Open champion Emma Raducanu said she...

Must read

You might also likeRELATED
Recommended to you