Centre hikes dearness allowance by 2% from Jan 1
Wednesday, March 15, 2017, 9:37 PM
The Centre today increased dearness allowance and dearness relief to 4% from existing 2% from January 1, 2017, benefiting 48.85 lakh employees and 55.51 lakh pensioners. The statement said that the combined impact on the exchequer on account of both dearness allowance and dearness relief would be Rs. 5,857.28 crore per annum and Rs. 6,833.50 crore in the Financial Year 2017-18.