Cabinet approved 3% Dearness Allowance hike for Central Govt Employees, Pensioners from July 2024
In a festival bonanza, the central government on Wednesday announced a 3 per cent hike in dearness allowance (DA) for central government employees and dearness relief (DR) for pensioners, with effect from July 1, 2024, announced Union Information & Broadcasting Minister Ashwini Vaishnaw. After the latest decision, the DA has been increased from 50% to 53%.
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The decision, which was taken on Wednesday in a Cabinet meeting headed by Prime Minister Narendra Modi, will benefit over one crore central government employees and pensioners.
Briefing about the Cabinet decision today, Union Information & Broadcasting Minister Ashwini Vaishnaw said, “It will have a financial implication of Rs 9,448 crore for central exchequer.”
The government has also increased dearness relief (DR) by 3 per cent for pensioners. DA is given to government employees, while DR is given to pensioners. DA and DR are hiked twice a year, with effect from January and July.
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