SME Times is powered by   
Search News
Just in:   • Digital play with Indian business models  • Covid-19: GoDaddy joins Ketto to support Indian SMEs  • Petrol, diesel futures trading to start soon on exchanges  • MSME loans sanctioned under ECLGS reach Rs 1.20 lakh cr  • Trump downplays chances of new China trade deal 
Last updated: 09 Oct, 2019  

Employee.9.Thmb.jpg DA raised to 17%, to benefit 50 lakh govt employees

Employee.9.jpg
   Top Stories
» MSME loans sanctioned under ECLGS reach Rs 1.20 lakh cr
» Green shoots in the economy: RBI Governor
» Rupee range-bound on higher inflows, swelling reserves
» 'Auto component sector's revenues may fall by 14-18%'
» Tradeindia's 3 day- 'COVID-19 Essentials Expo India' to kick off on Aug 5
SME Times News Bureau | 09 Oct, 2019
Adding to the festive cheer for over 1 crore government employees and pensioners, the Union Cabinet on Wednesday approved a 5 per cent hike in dearness allowance (DA) raising it to 17 per cent.

Addressing the media after the cabinet meeting, Union Minister for Information and Broadcasting Prakash Javadekar said that around 50 lakh central government employees and 62 lakh pensioners would benefit from the decision.

Javadekar noted that previously DA had been raised by 2-3 per cent but this time it has been raised by 5 per cent in one go.

"This is a Diwali gift to government employees," Javadekar said.

The raise in DA would cost the government Rs 16,000 crore in its wage bill and the increased DA would be effective from July 2019.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Jul, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Pain points for MSMEs(3)
» Starting an import export business: Basic guide for beginners(2)
» UP govt to change lives of migrants: MSME Principal Secy(2)
» Subsidy provided to artisans under Solar Charkha Mission: MSME minister(1)
» Appoint distributors, expand your business(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter