centre hikes dearness allowance by 2 pc from jan

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the centre today increased dearness allowance and dearness relief to 4 percent from existing 2 percent from january 1, 2017, benefiting 48.85 employees and 55.51 lakh pensioners.

the centre today increased dearness allowance and dearness relief to 4 per cent from existing 2 per cent from january 1, 2017, benefiting 48.85 employees and 55.51 lakh pensioners."the union cabinet chaired by prime minister narendra modi has approved release of an additional instalment of dearness allowance to central government employees and dearness relief to pensioner with effect from january 1, 2017," an official statement said.the da/dr has been increased by 2 per cent over the existing rate of 2 per cent of the basic pay/pension to compensate for price rise and it is in accordance with

the centre is likely to announce a hike of 2-4 per cent in dearness allowance for its about 50 lakh employees and 58 lakh pensioners later this month.dearness allowance and dearness relief are provided to employees and pensioners to neutralise the impact of inflation on their earnings. the labour unions, however, are not happy with the proposed hike saying it would not be able to offset the real impact of price rise."the dearness allowance as per the agreed formula by the centre works out to be 2 per cent which would be effected from january 1, 2017," confederation of central government employ

the move, likely to take effect from jan 1, 2017, to benefit 5 mn govt employees, 5.8 mn pensioners

this will benefit about 48.85 lakh central government employees and 55.51 lakh pensioners

this will benefit about 48.85 lakh central government employees and 55.51 lakh pensioners

rbi governor urjit patel and his deputies have got a big pay hike with the government more than doubling their basic salary to rs 2.5 lakh and rs 2.25 lakh per month, respectively.the "basic pay of the governor and deputy governors" have been revised retrospectively with effect from january 1, 2016 and marks a huge jump from rs 90,000 basic pay so far drawn by the governor and rs 80,000 for his deputies. still, their salaries are much lower than the top executives of various banks regulated by the rbi.the monthly emoluments of these top rbi officials include 'basic pay', dearness allowance and

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