Friday, Mar 29 2024 | Time 15:05 Hrs(IST)
image
India


Cabinet approves 5 per cent additional DA for 50 lakh Govt employees

Cabinet approves 5 per cent additional DA for 50 lakh Govt employees

New Delhi, Oct 9 (UNI) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved to release an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from July 1, 2019 representing an increase of five per cent over the existing rate of 12 per cent of the basic pay or pension, to compensate for price rise.
Information and Broadcasting Minister Prakash Javadekar while briefing media on the Cabinet decisions here said, 'This increase is in accordance with the accepted formula, which is based on the recommendations of the seventh Central Pay Commission.'
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs 15,909.35 crore per annum and Rs 10,606.20 crore in the financial year 2019-20 for a period of eight months from July, 2019 to February, 2020.
'This will benefit about 49.93 lakh Central government employees and 65.26 lakh pensioners,' he added.
The additional financial implication on account of this increase in Dearness Allowance is estimated at
Rs 8,590.20 crore per year; and Rs 5,726.80 crore in the current Financial Year of 2019-20 (for eight months from July 2019 to February 2020).
The additional financial implication on account of the Dearness Relief to pensioners is estimated to be Rs 7,319.15 crore per annum and Rs 4,870 crore in the current FY.
Dearness Allowance or Dearness Relief is paid to Central government employees or pensioners to adjust the cost of living and to protect their basic pay/pension from erosion in the real value.
It is revised twice a year from January 1 and July 1.

UNI AE ADG 1508

More News
Traders, wholesalers, retailers to declare stock position of wheat, rice every Friday: Govt

Traders, wholesalers, retailers to declare stock position of wheat, rice every Friday: Govt

29 Mar 2024 | 2:12 PM

New Delhi, Mar 29 (UNI) With a view to check any hoarding and artificial increase in prices of foodgrains, the Government has asked Traders, Wholesalers and others to declare stock position of wheat every Friday till further orders.

see more..
DoT advisory against fraud WhatsApp calls

DoT advisory against fraud WhatsApp calls

29 Mar 2024 | 2:05 PM

New Delhi, Mar 29 (UNI) Taking note of rising fraud calls and cyber crimes, the Department of Telcom Friday issued an advisory about WhatsApp calls from foreign origin mobile numbers and asked citizens not to entertain such calls and not reveal any information.

see more..
PM has mastered art of manipulating democracy, hurting Constitution: Kharge

PM has mastered art of manipulating democracy, hurting Constitution: Kharge

28 Mar 2024 | 10:30 PM

New Delhi, Mar 28 (UNI) Congress president Mallikarjun Kharge on Thursday slammed Prime Minister Narendra Modi for his comment on the Congress and said that the PM has mastered the art of "manipulating: democracy and "hurting" the Constitution.

see more..
Comments on our electoral, legal processes completely unacceptable: MEA

Comments on our electoral, legal processes completely unacceptable: MEA

28 Mar 2024 | 7:34 PM

New Delhi, Mar 28 (UNI) The Ministry of External Affairs said on Thursday that recent remarks by the US State Department on Delhi Chief Minister Arvind Kejriwal's arrest are "unwarranted," and any such external imputation on India's electoral and legal processes is "completely unacceptable".

see more..
DC extends Kejriwal's ED custody till April 1

DC extends Kejriwal's ED custody till April 1

28 Mar 2024 | 7:26 PM

New Delhi, Mar 28 (UNI) A Delhi Court on Thursday extended the Enforcement Directorate (ED) custody of Delhi Chief Minister Arvind Kejriwal, an accused in the alleged liquor policy scam, for four days till April 1.

see more..
image