Union Minister of Information & Broadcasting Prakash Javadekar on Wednesday announced a Diwali Bonanza for central government employees. He announced 5% Dearness Allowance for central government employees and pensioners. This will be paid by July. This is the highest ever 5 percentage points increase in Dearness Allowance (DA). It will bring cheers to 50 lakh central employees and 65 lakh pensioners ahead of Diwali.
"Under the leadership of Prime Minister Modi, several decisions have been taken and there is good news for government employees. The Dearness Allowance has been hiked by 5%. This will be paid from July. This will bring cheers to working class as the central government has achieved many milestones," he said.
The Cabinet approves 5% additional DA/DR over the existing rate of 12% of the Basic pay/Pension due July, 2019. At least 49 crore central government officials will be benefitted by this announcement, as per the Public Information Bureau . Read the announcement made by the Public Information Bureau.
The decision will cost the exchequer Rs 16,000 crore, Information and Broadcasting Minister Prakash Javadekar said while briefing media on the decisions taken by the Cabinet. "This is the highest ever 5 percentage points increase in DA in one go by the central government," he said. 'This will bring cheers to the government employees on the eve of Diwali', he added. India celebrates the festival of light on October
With PTI inputs.