-
ALSO READ
Cabinet approves 4% increase in Dearness Allowance, Dearness Relief
Indices trim some gains, Nifty below 16,950 mark, pharma stocks advance
Central Govt Releases Rs. 17,000 Crore Of GST Compensation To States/UTs
BVG Group announces Indigenous Manufacturing of Solar Modules, Project will provide employment opportunities in North India
Greater intra-regional trade in South Asia can enhance opportunities for growth and employment in the region: Shaktikanta Das
-
The additional installment will represent an increase of 4%, taking the total to 42% of the basic pay for central government employees and pensioners to compensate against price rise.
The combine impact on the exchequer on account of both dearness allowance and dearness relief would be Rs 12,815.60 crore per annum.
This will benefit about 47.58 lakh central governments employees and 69.76 lakh pensioners. This increase is in accordance with the accepted formula which is based on the recommendations of the 7th Central Pay Commission.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
RECOMMENDED FOR YOU