BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Wednesday, October 9, 2019

Cabinet approves 5% dearness allowance (DA) for central government employees





After the announcement of the DA hike at the central level, the state governments will also likely announce the 7th CPC linked allowance for their employees.
DA is needed to compensate for the increase of cost of living due to (increase in price) inflation.
This increase is calculated by accepted formula based on the recommendations of the 7th central pay commissions(CPC).
DA calculation is done twice in every year. It will be announced in January & July then released in March & September. so all central Government employees and pensioners were waiting for the second half DA hike of the year 2019.
Today the cabinet meeting held in New Delhi  and the cabinet approved 5% DA hike to central Government employees and pensioners with effect from July 1, 2019.
This includes the increase of 5% over the existing rate of 12 % of the basic pay or pension.
This will be benefit about 1.1 crore employees and pensioners in the central Government because they have given the maximum increase in DA by 5%.

No comments:

33.9 million Jobs: Good News! India plans to add 33.9 million jobs by 2028

33.9 million Jobs : India’s workforce is anticipated to expand from 423.73 million in 2023 to 457.62 million by 2028, adding a net gain of a...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">