In a move set to benefit millions of government employees, the Cabinet has approved a 3% hike in the dearness allowance (DA) for central government employees as per ETNow
This decision is expected to provide relief amidst rising inflation and improve the disposable income of employees. The increase will come into effect soon, positively impacting their monthly earnings.
The hike in DA is an adjustment made to compensate for the increase in the cost of living, helping government employees and pensioners maintain their purchasing power. This approval is likely to boost consumer spending, especially with the festive season approaching.
