Union Cabinet approves 4% increase in dearness allowance for govt employees

Union Cabinet approves 4% increase in dearness allowance and dearness relief for central government employees and pensioners.

Union Cabinet approves a 4 per cent increase

Union Minister Anurag Thakur said on Wednesday that the Union Cabinet has approved a 4% rise in dearness relief and dearness allowance for pensioners and central government workers. This 4 per cent rise will raise the DA and DR from 42 to 46 per cent.

Allowance and dearness relief will be applicable from July 1

The Information & Broadcasting Minister said in the press conference following the Union Cabinet meeting that the disbursement of the enhanced dearness allowance and dearness relief will be effective as of July 1.           Also Read :-  Pockets by ICICI Bank - The most comprehensive mobile wallet to (1) Pay Anyone, (2) Shop Anywhere and (3) Bank with ease for any bank's customer.

This increase follows the formula recommended by the 7th Central Pay Commission.

Minimum Support Price (MSP) for wheat was also increased by ₹150/quintal to ₹2,275/quintal for 2023-24.

Government has already sanctioned Diwali bonuses

Diwali incentives for Group C and non-gazetted Group B level officials—which includes paramilitary forces—have already been approved by the government.       Also Read :- Bank of Baroda Credit Card 

The finance ministry has set a maximum of ₹7,000 for central government workers' non-productivity linked incentives, sometimes known as ad hoc bonuses, for the fiscal year 2022–2023.