Union cabinet approves 4% hike in DA Under 7th Pay Commission
Union cabinet approves 4% hike in DA Under 7th Pay Commission: The Cabinet has increased the dearness allowance (DA) and dearness relief by 4%, effective July 1, 2022.
The additional instalment of DA and dearness relief (DR) is an increase of 4% over the existing rate of 34% of basic pay/pension. The combined impact on the exchequer on account of both DA and DR would be Rs 12,852.5 crore p.a.
October 2022 Current Affairs Quiz
The increase in the DA and DR is based on the percentage increase in 12 monthly average of All India CPI for the period ending June, 2022.
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