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Allowance hike for Central government employees

Allowance Hike for Central Government Employees Latest News 2018 DA 7Pay Commission

Allowance hike for Central government employees
Allowance hike for Central government employees 

Good News for central govt employees on Wednesday our prime minister Narendra Modi approved to release DA ( Dearness Allowance) and DR ( Dearness Relief) to pensioners and central govt employees hike according to the accepted formula of 7th pay commission scale to calculate salaries Allowance hike for Central government employees

Benefited about 49 lakhs of central govt employees and about 62 lakhs of pensioners from this DA Increme7nt. The allowance was  7% and it was hiked to 9% and I march DA was increased from 5% to 7% by the union cabinet.

The cabinet also decided today to approve revised cost to set up of Indian Payment Bank  from 800 cr to 1,435 cr



The government said in the stated DA and DR per annum by 2018-19 financial year would be 6112.20 cr to 4074.80 cr for the period of 08 months from July.