Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 21, Sunday 2018 6:16 PM       

       HEADLINES: Mother, daughter killed in accident                                              Advocate Jayashankar mocks at transfer of IG P Vijayan                                              Ruckus during budget presentation: Case likely to be withdrawn                                              Withdrawal of case over squabble at ruckus is challenge to democracy: Chennithala                                              Syro Malabar diocese land deal: All issues will be sorted out soon, says Cardinal Alanchery                                              Owner of fire-ravaged Bawana firecracker storage unit arrested                                              After Haj house, parks, dividers painted saffron in Lucknow                                              Yogi govt mulls withdrawing 2013 Muzaffarnagar riots case against BJP leaders                                              At least six dead as Kabul hotel attack ends                                              Four-nation Hockey tourney: India outplay Kiwis 3-1                                              Paes and Sharan save match point to make pre-quarters                                              Hockey India congratulates Birendra Lakra on completing 150 international caps                                              Second victory for Kerala FC in I League                                              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
Patanjali's Yog Acharyas to conduct Yoga sessions at World Economic Forum  
Mauritius largest source of FDI in India: RBI  
Exports rise over 12% due to engineering goods, petro products  
Budget 2018: ASSOCHAM seeks higher outlay for education  
Rise in demand for Yoga accessories from abroad: Expert  
Nine more cities added to Smart City Mission, total now 99  
Gold retailers hopeful of tax relief ahead of Budget  
GST Council discusses making return filing process simpler  
Banks fuel markets Bull Run; Sensex, Nifty hit new peaks  
Netanyahu meets biz leaders over power breakfast  
Budget 2018: Hardware dealers suggest simplification of filing GST returns  
SBI to raise Rs 20,000 cr for affordable housing, infra  
Rupee rebounds 16 paise to 63.88 a dollar  
Patanjali to partner with Flipkart, Amazon  
GST meeting on Jan 18, to discuss real-estate  
Patanjali won't enter into partnerships with global firms: Ramdev  
Sensex retreats from record, slips 72 pts  
RIL to invest Rs. 5K cr in West Bengal: Ambani  
Financial Institutions to ensure US TIN for pre-existing accounts is reported  
UIDAI allows face recognition for Aadhaar authentication  
What women expect from Union Budget 2018  
Aadhaar biometric lock, a lesser-known security feature  
Govt to invite fresh applications for RBI deputy guv post  
Govt mulls tax-free gratuity of up to Rs. 20 lakh: Report  
Inflation will dip in January, claims SBI  
 
Do you agree with Union Minister Satyapal Singh's opinion that Darwin's theory is scientifically wrong?
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