Dearness allowance hiked 4% for central government employees after cabinet nod

Dearness allowance hiked 4% for central government employees after cabinet nod

The new rate for calculating the allowance will be applicable from January 2023.

FPJ Web DeskUpdated: Friday, March 24, 2023, 09:17 PM IST
article-image
File photo

One of the perks for government employees is the dearness allowance which is a percentage of the basic salary, paid additionally as a cost of living adjustment.

After a long wait the dearness allowance has been hiked by 4 per cent for central government employees, with the Union Cabinet's approval.

The new rate for calculating the allowance will be applicable from January 2023.

RECENT STORIES

'It's SEBI's Job To Regulate Futures And Options Market,' Says Finance Minister Nirmala Sitharaman

'It's SEBI's Job To Regulate Futures And Options Market,' Says Finance Minister Nirmala Sitharaman

Apple Slashes iPhone Prices in India Post-Budget 2024 Customs Duty Cut; Check Out the New Prices

Apple Slashes iPhone Prices in India  Post-Budget 2024 Customs Duty Cut; Check Out the New Prices

IndiGo Flags Higher Inflationary Environment, Escalation In Fuel, Airport Costs

IndiGo Flags Higher Inflationary Environment, Escalation In Fuel, Airport Costs

ITR Filing Countdown: Avoid Penalties and Late Fees – What You Need to Know Before the July 31...

ITR Filing Countdown: Avoid Penalties and Late Fees – What You Need to Know Before the July 31...

Gold Prices Rebound to ₹70,700 per 10 Grams Amid Global Market Strength

Gold Prices Rebound to ₹70,700 per 10 Grams Amid Global Market Strength