Brief by Shorts91 Newsdesk / 08:11am on 16 Oct 2024,Wednesday India
The central government has announced a 3% increase in the dearness allowance (DA) for over one crore employees and pensioners, raising it from 38% to 45%. This decision was made during a cabinet meeting and comes just weeks before Diwali, providing significant relief to government workers during the festive season. The DA is designed to offset rising prices and is revised twice a year based on the consumer price index for industrial workers. This increase reflects the government's efforts to support its employees and pensioners amid ongoing inflationary pressures.
