DA hiked by 2% for Central Govt employees, pensioners

AGENCY
New Delhi: The Union Cabinet on Wednesday cleared a proposal to increase dearness allowance and dearness relief by 2 percent to 4 percent, which will potentially benefit over one crore central government employees and pensioners.
“The Union Cabinet  chaired by Prime Minister Narendra Modi has approved release of an additional installment of dearness allowance to central government employees and dearness relief to pensioner with effect from January 1, 2017,” an official statement said.
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

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