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Announcing the hike in DA of its employees to 17 per cent from existing 12 per cent, the corporation also said the October salary of employees will be paid before Diwali festival on November 1 instead of scheduled 7th day of each month.
The increase of 3 percent dearness allowance (DA) and dearness relief (DR) hike is over the existing rate of 28 percent of the basic pay/pension would cost the exchequer Rs 9,488.70 crore per annum.
In the latest 7th Pay Commission update, the Central government has approved a 3 per cent hike in the dearness allowance (DA) and dearness relief (DR) for Central government employees and pensioners.
Get latest articles and stories on India at LatestLY. The Union Cabinet has approved a 3 per cent increase in dearness allowance and dearness relief for central government employees and pensioners, said Union Information and Broadcasting Minister Anurag Thakur on Thursday. India News | Centre Approves 3 Pc DA Increase for Central Govt Employees.
Dearness Allowance and Dearness Relief will go up from 28 per cent to 31 per cent and the increase will be effective from July 1, 2021