The Union Cabinet chaired by Prime Minister Narendra Modi approved a four per cent hike in dearness allowance (DA) for central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2020. This is over the existing rate of 17 per cent of the Basic Pay/Pension.
This decision will be beneficial for 48 lakh employees and 65 lakh pensioners; this will benefit 1.13 crore families. Since the decision will be effective from January 1, 2020, central staff will be getting arrears for three months. The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. Apart from central government employees, even central government pensioners and those receiving family pension from the central government will be benefited from this decision.
What is Dearness Allowance?
Dearness allowance is usually received by government employees to compensate for rising inflation. Dearness Allowance is calculated as a percentage of an basic salary to mitigate the impact of inflation on people.
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Questions 1. Who became the first foreign player to complete 5,000 runs in IPL? Exam:…
As the spotlight in T20 cricket usually falls on the batters as they play display…
The Indian Premier League (IPL) is the most coveted T20 tournament in the world and…
In the franchise cricket, IPL Final is the biggest match and across the world cricket…
To win the Indian Premier League (IPL) trophy is the dream of every cricketer while…