DA Hike | New Delhi: Dearness Allowance (DA) of the central government employees was hiked by the government by 3 per cent from 31 per cent to 34 per cent. According to reports, the Dearness Relief (DR) of the pensioners was also hiked by 3 per cent. The rates were hiked with respect to January 1, 2022. The DA Hike and DR hike are expected to benefit 47 lakh central government employees and 68 lakh pensioners.
According to the official announcement by the government, the DA hike was announced in the backdrop of rising inflation. They are hiked on recommendations of the 7th pay commission.
Food inflation, along with fuel inflation, has put a lot of pressure on the shoulders of the common man. The latest government estimates suggest Consumer Price Index (CPI) touched 6.95 per cent in March 2022.
According to a report by Mint, the following pensioners will be impacted by the DR hike.
For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on India.com.
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy.