Market Watch

Cabinet hikes dearness allowance by 5% for govt employees

In a Diwali gift to central government employees and pensioners, Narendra Modi government has increased the dearness allowance for employees by 5 percent. The hiked rate will be applicable retrospectively from July this year. "The government has increased the DA from 12 percent to 17 percent," Union minister Prakash Javadekar said after a Cabinet meeting today.
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