19 Feb, 2019 8:15p.m.

DA for central government employees and pensioners increased by 3% effective Jan 1, 2019

The Union Cabinet has approved a 3 per cent hike in Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners, a move that will benefit more than one crore central government employees and pensioners. The hike will be effective from January 1, 2019. The move is to cost the Government Rs. 9168 crore.

The Union Cabinet had previously increased dearness allowance from 7 per cent to 9 per cent with effect from July 2018. 

The DA is a cost of living adjustment allowance paid to government employees and pensioners. It is a component of salary and is counted as a fixed percentage of the person's basic salary. It is adjusted according to the inflationary trends to lessen the impact of inflation on government employees. The DA hike is calculated based on the Consumer Price Index Numbers for Industrial Workers (CPI-IW) released by the Labour Bureau, Government of India.

 

Whatsapp Share Button

🏠 Go to StaffCorner.com Home Page





Latest in Important News
Latest in Other News Sections
Sree Chitra Tirunal Institute develops intravenous cancer drug 🕑 26 Mar,19 9:29p.m.
CPAO FAQ For the Beneficiaries Of NPS- Additional Relief Scheme 🕑 13 Mar,19 11:06p.m.
'One Nation One Card' mobility card launched 🕑 05 Mar,19 1:47p.m.
PFRDA working on minimum assured returns for NPS subscribers 🕑 24 Feb,19 1:58p.m.
EPFO's 8.65% interest rate for FY19 is actually equivalent to 13.5%. 🕑 24 Feb,19 11a.m.
EPFO to offer 8.65%, its 1st hike in 4 years 🕑 22 Feb,19 10:51a.m.
RBI cuts repo rate by 25bps. EMIs likely to get cheaper 🕑 07 Feb,19 1:02p.m.
Budget 2019 expectations : IT exemption limit likely to be hiked to Rs 5 lakh 🕑 17 Jan,19 9:29p.m.
Researchers develop plants that can remove cancer-causing pollutants 🕑 27 Dec,18 12:59p.m.
6 months of aerobic exercise reverses brain ageing by 9 years 🕑 24 Dec,18 2:31p.m.