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Dearness Allowance Hiked By 2%, One Crore Employees, Pensioners To Benefit
Hike to benefit 48.85 lakh employees, 55.51 lakh pensioners Combined impact on exchequer to be Rs 5,857 crore per annum Dearness allowance hike to compensate for price rise, says government
15 Mar 2017, 08:44 PM IST 
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The DA hike is in accordance with the accepted formula based on 7th Pay Commission, the government said.
New Delhi: The Centre on Wednesday increased dearness allowance and dearness relief to four per cent from existing two per cent effective January 1, 2017, benefiting 48.85 lakh employees and 55.51 lakh pensioners.
"The Union Cabinet chaired by Prime Minister Narendra Modi has approved release of an additional instalment of dearness allowance to central government employees and dearness relief to pensioner with effect from January 1,...
