Union Cabinet Approves 3% DA Hike for Employees

• The Union Cabinet has approved a 3% hike in Dearness Allowance (DA) for central government employees and pensioners.
• This increase raises the DA from 50% to 53% of the basic salary, effective from July 1, 2024.
• Over 1 crore employees and pensioners will benefit, receiving arrears for July, August, and September.
• The hike aims to provide financial relief amidst rising inflation and cost of living.
• The last DA hike was 4% in March, effective from January 2024.

Source: Times Now News, Abp News, The Times Of India, Zee News, Times Now News, Zee News, Hindustan Times, Abp News