Employee Benefits

India News

Dearness Allowance Soars as Government Greenlights 4% Surge for Employees

Dearness Allowance(DA) Hike: The Indian government, led by Prime Minister Narendra Modi, has approved a 4% increase in Dearness Allowance (DA) for central government employees, bringing it to 50% of Basic Pay. Effective from January 1, 2024, this adjustment aims to offset the impact of rising prices. The additional financial burden on the exchequer, including Dearness Relief for pensioners, is…