Added on : 2019-10-09 15:08:48
The Union government Wednesday hiked the Dearness Allowance (DA) for central government employees by five percent from the existing 12 percent. The announcement, made by Union Minister Prakash Javadekar following a Cabinet meeting, is expected to benefit 50 lakh central government employees and 65 lakh pensioners. Calling it a ‘Diwali gift’, Javadekar said the raise would cost the exchequer nearly Rs 16,000 crore. The DA has now been increased to 17 percent. “This is the highest ever 5 percentage points increase in DA in one go by the central government,” Javadekar said.