Cabinet Approves 4% Increase in Dearness Allowance and Relief for Central Government Employees and Pensioners
In a significant move aimed at benefiting millions of Central Government employees and pensioners, the Union Cabinet, chaired by Prime Minister Shri Narendra Modi, recently gave its approval to release an additional installment of Dearness Allowance (DA) and Dearness Relief (DR) with effect from 01.07.2023. This decision comes as a welcome relief and aims to offset the impact of rising prices on the basic pay and pensions of these individuals. In this blog, we'll explore the key details of this development and its implications.
Addressing Price Rise
The increase in DA and DR, which amounts to 4%, is a response to the ongoing challenge of inflation and its effects on the cost of living. This increment takes the existing rate of 42% of the Basic Pay/Pension and raises it to 46%. The d...