Government raises Dearness Allowance of Central Government employees by 4% to 38% DA hike latest news today: The Union Cabinet has increased Dearness allowance (DA) of the Central Government Employees by 4% taking it effectively to 38% from 34%. increased Dearness allowance (DA) will benefit over 50 lakh central government employees and 62 lakh pensioners.
- The Union Cabinet meeting was held to hike the inflation-linked allowance for government employees and the meeting was presided over by Prime Minister Narendra Modi.
What is Dearness allowance (DA)
- DA is a part of the salary which is calculated as a specific percentage of the basic salary which is then added to the basic salary.
- The government usually revise the DA twice a year — January and July.
- Union Cabinet may also extend the PM Garib Kalyan Anna Yojana for another 3 months till December.
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