Dearness Allowance hiked 5%! Money gift for central government employees from Centre has this BIG impact; know why
Centre has finally declared Dearness Allowance hike for central government employees. Yes, employees have received a big gift before Diwali this year! The impact of this huge announcement was not only good for government staff members, it was equally beneficial for something else too - stock markets!
The Indian indices on Wednesday finally ended their losing streak after bleeding for six straight trading sessions. And the big reason thereof was the 7th Pay Commission (7th CPC) linked dearness allowance hike of central government employees.