The Union Cabinet has approved a further hike of 3 per cent in Dearness Allowance (DA) and Dearness Relief (DR) for the central government employees and pensioners. The increase of 3% is over the existing rate of 28 per cent of the basic pay/pension and will be effective from July 1, 2021. Now after this hike, the DA/DR will increase to 31%.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
It must be remembered that earlier in July 2021, the government had announced an 11% hike in DA/DR from 17% to 28% of the basic pay/pension. It will cost the exchequer Rs 9,488.70 crore per annum. As a result, the DA and DR instalments are due for four periods including January 1, 2020, July 1, 2020, January 1, 2021, and July 1, 2021. However, the rate of DA/DR for the period between January 2020 to June 2021 shall remain at 17%.
The Uttarakhand Tourism Development Board has teamed up with Starscapes, an astro-tourism company, to introduce…
In a gesture of solidarity and recognition, Palestinian journalists covering the crisis in Gaza have…
Retired Justice Sanjaya Kumar Mishra has been appointed as the President of the Goods &…
Atanu Chakraborty's re-appointment as part-time Chairman of HDFC Bank for three years, effective from May…
American Express is set to inaugurate its expansive new campus in Gurugram, spanning nearly one…
In the latest edition of the World Press Freedom Index published annually by Reporters Without…