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What is Cabinet Approves 4% DA Increase about?
The Union Cabinet has approved a 4% increase in Dearness Allowance for Central Government employees and Dearness Relief for pensioners, effective from January 1, 2024. This decision will benefit approximately 49.18 lakh employees and 67.95 lakh pensioners, costing the exchequer Rs.12,868.72 crore annually. The increase follows the formula recommended by the 7th Central Pay Commission to address price rises.
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- thaleshjoshi386
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- EN