Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
November 22, Wednesday 2017 2:49 PM       

       HEADLINES: Purchasing laptop under IT@school: Laptop price reduced by Rs 455                                              One arrested in connection with attack on Mayor                                              There was no pressure: Justice P S Antony                                              Clashes in Munnar hartal, CPI not participating                                              ‘Honey trap’ case against A K Saseendran: Commission submits report                                              ‘Padmavati’ row: Kamal wants Deepika’s head 'saved'                                              Indian Army breaks world record with 58 men on single bike                                              IFFI 2017: Sridevi inaugurates Indian Panorama                                              Finally, Robert Mugabe resigns                                              Kohli climbs to fifth spot in Test rankings                                              Sindhu leads India's challenge at Hong Kong Open                                              India vs SL: Bhuvi, Dhawan released from team                                              Kaumudi Facebook
       BUSINESS Next Article: Nifty settles above 10,000-level  
       Centre hikes DA to 5% for 1.1 cr employees, pensioners
 
         Posted on :18:44:27 Sep 12, 2017
   
A A
       Last edited on:23:12:54 Sep 12, 2017
         Tags: Centre hikes DA to 5%
 

NEW DELHI: The Centre on Tuesday increased dearness allowance (DA) and dearness relief (DR) by 1% to 5%, benefiting 50 lakh employees and 61 lakh pensioners.

This decision was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.

“Release of additional instalment of DA is an increase of 1% over the existing rate of 4% of the basic pay/pension, to compensate for price rise,” according to an official statement.

The new rate will be applicable from July 1.

The combined impact on the exchequer on account of both DA and DR would be Rs. 3,068.26 crore per annum and Rs. 2,045.50 crore in the financial year 2017-18 (for a period of 8 months from July 2017 to February 2018).

This move will benefit about 49.26 lakh Central government employees and 61.17 lakh pensioners, it said.

A A
       BUSINESS
Next Article: Nifty settles above 10,000-level
 
 
BUSINESS HEADLINES
43.67 lakh biz file initial GST returns for October  
India advances three spots to 51 on IMD World Talent Ranking  
Sensex stays up for 4th day, spurred by RIL  
Sensex, Nifty end higher for 3rd day in volatile trade  
7.5-8 pct GDP growth expected this year: NITI Aayog VC  
Sensex loses sheen, IT, metal stocks weigh  
Chances of confirmation of wait list tickets during holidays now high: study  
Govt seeks Rs. 13,000-cr surplus from RBI  
HC judges, experts brainstorm on likely GST litigations  
Manmohan Singh corners Centre over GST  
Congress raises questions over Moody's reliability  
Nothing to celebrate Moody's rating: Yechury  
Moody's rating is answer to sceptics: Arun Jaitley  
Moody's ups India credit rating  
Sensex zooms 414 points after Moody's ups India rating  
Industry pitches for bringing natural gas under GST  
Cabinet permits export of all types of pulses  
Sensex opens in green on value-buying, climbs 164 points  
US dollar ends cheaper against rupee  
Indian companies create 113 K jobs in US: Report  
Largest diamond ever auctioned sold for record $34 mn in Geneva  
Wholesale inflation caps six-month high at 3.59pct for Oct  
SBI reduces employee strength; more people set to retire  
Sensex trades high, takes retail inflation in stride  
Foreign tourist arrivals up by 18.1 pct this Oct  
 
Do you think media was banned at CM's office on Tuesday?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy