LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Cabinet approves DA hike retrospectively for central government employees by 1%; This is how it impacts you

Now Central government employees and pensioners will benefit from higher Dearness Allowance and Dearness Relief.   

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Cabinet approves DA hike retrospectively for central government employees by 1%; This is how it impacts you
Woman takes a picture with the new Rs 2000 note. Image Source: IANS
Written By: ZeeBiz WebTeam
Updated: Wed, Sep 13, 2017
09:17 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
7th Pay Commission latest news: Whopping salary plus allowances; check details of this central government job at joinindianarmy.nic.in 7th Pay Commission latest news: Whopping salary plus allowances; check details of this central government job at joinindianarmy.nic.in
7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in 7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in
7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi? 7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi?
7th Pay Commission: Don't Miss! What government employees should know about salary hike, DA release, arrears clearance 7th Pay Commission: Don't Miss! What government employees should know about salary hike, DA release, arrears clearance
Key Highlights
  • Central government employees will get an additional 1% DA while pensioners will get Dearness Relief.
  • This will be applicable to salaries from July 1.
  • This is expected to benefit 50 lakh Central government workers and 61 lakh pensioners.

Prime Minister Narendra Modi-led Union Cabinet on Tuesday approved 1% hike in Dearness Allowance (DA) to central government employees and pensioners. 
 
This will be applicable to all employees retrospectively from July 1, 2017, the cabinet said.
 
“Release of additional instalment of DA is an increase of 1% over the existing rate of 4% of the Basic Pay/ Pension, to compensate for price rise,” the government said.
 
This increase in allowance is estimated to benefit 50 lakh Central government workers and 61 lakh pensioners.
 
The Central government employees are still awaiting their hike in minimum wages to Rs 21,000 from the current Rs 18,000. The Cabinet’s decision on this is still awaited.
 
This is expected to raise the fitment factor three times over.

Also Read: 

7th Pay Commission: Fitment factor likely to be 3 with hike in minimum pay to Rs 21,000

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
7th Pay commissiondearness allowancesDearness Reliefcentral government employeeshike in minimum wagesEconomy
RELATED NEWS
7th Pay Commission latest news: Whopping salary plus allowances; check details of this central government job at joinindianarmy.nic.in 7th Pay Commission latest news: Whopping salary plus allowances; check details of this central government job at joinindianarmy.nic.in
7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in 7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in
7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi? 7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi?
7th Pay Commission: Don't Miss! What government employees should know about salary hike, DA release, arrears clearance 7th Pay Commission: Don't Miss! What government employees should know about salary hike, DA release, arrears clearance
7th Pay Commission latest news today: Massive pay plus dearness allowance, house rent allowance; Details of this 7th CPC central government offer at upsconline.nic.in 7th Pay Commission latest news today: Massive pay plus dearness allowance, house rent allowance; Details of this 7th CPC central government offer at upsconline.nic.in

LATEST NEWS

India to impose permanent ban on 59 Chinese apps, including TikTok, WeChat and UC Browser - media

7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi?

Republic Day - Made in India Shares: IRCTC, HAL, Bombay Stock Exchange to Bharat Electronics are stocks to buy

Petrol crosses Rs 86 mark in Delhi, diesel above Rs 83 in Mumbai

SBI share price NSE: Trends positive but stock riding on VOLATILITY before Budget 2021; See short term, positional strategy here!

FAUG, PUBG Mobile India top rival, all set for launch today| Big record! How to download, APK file, pre-registration and more

CBSE Exams 2021: Datesheet announcement and other latest details, Class 10, 12 students must know

Stock Market Holidays 2021 India: Sensex, Nifty, other markets closed today for Republic Day celebration

Crackdown on income tax evaders! Critical notification by CBDT on evasion, Benami Property, Black Money - PAN, Aadhaar not needed, just do this online now

Bigg Boss 14: Rakhi Sawant, Rahul Vaidya, Nikki Tamboli, Abhinav Shukla- Desperate tricks that backfired badly

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved