12% with effect from January 1, 2019. This move will benefit 48.41 lakh central government employees and 62.03 lakh pensioners. The combined impact on the exchequer on account of both DA and DR WOULD be Rs 9,168.12 crore per annum and Rs 10,696.14 crore in 2019-20 (for a period of 14 months from January 2019 to February 2020). Previously, the Cabinet had increased dearness allowance in March 2018, from 5% to 7% in accordance with the recommendations of the 7th Central Pay Commission (CPC).

"> 12% with effect from January 1, 2019. This move will benefit 48.41 lakh central government employees and 62.03 lakh pensioners. The combined impact on the exchequer on account of both DA and DR WOULD be Rs 9,168.12 crore per annum and Rs 10,696.14 crore in 2019-20 (for a period of 14 months from January 2019 to February 2020). Previously, the Cabinet had increased dearness allowance in March 2018, from 5% to 7% in accordance with the recommendations of the 7th Central Pay Commission (CPC).

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Union Cabinet recently approved a hike in Dearness Allowance to central government employees from 9% to ___________%.

Current Affairs National in Current Affairs . 11 months ago

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Dearness Allowance (DA) to central government employees and Dearness Relief to pensioners has been increased from 9% to 12% with effect from January 1, 2019. This move will benefit 48.41 lakh central government employees and 62.03 lakh pensioners. The combined impact on the exchequer on account of both DA and DR WOULD be Rs 9,168.12 crore per annum and Rs 10,696.14 crore in 2019-20 (for a period of 14 months from January 2019 to February 2020). Previously, the Cabinet had increased dearness allowance in March 2018, from 5% to 7% in accordance with the recommendations of the 7th Central Pay Commission (CPC).

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Posted on 18 Jul 2024, this text provides information on Current Affairs related to National in Current Affairs. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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