Breaking NEWS Gujarat Government Employees 2% DA Hike Related Latest News
GANDHINAGAR: The GUJARAT Cabinet on THURSDAY approved an additional 2 per cent hike in Dearness Allowance (DA) for Central government employees. The hike will come into effect from July 1, 2018.
The Cabinet, chaired BY NITINBHAI PATEL has also approved to release an additional instalment of Dearness Relief (DR) to pensioners. The additional hike of 2 per cent is over the existing rate of 7 per cent of the Basic Pay or Pension, to compensate for the price rise.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs 6112.20 crore per annum and Rs.4074.80 crore in the financial year 2018-19 (for a period of 8 months from July 2018 to February 2019).
The Cabinet decision will benefit about GUJARAT Government employees and 62.03 lakh pensioners.
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