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Union cabinet approves 3% DA hike for 11.6 million central employees and pensioners, effective July 1 - The Economic Times
On Wednesday, the Union cabinet approved a 3% increase in dearness allowance for employees and pensioners. This increase is expected to benefit over 11.6 million individuals ahead of the festive season. The change will take effect retrospectively from July 1, costing the exchequer ₹10,016 crore. Additionally, the government revised dearness allowance rates for employees under the Fifth and Sixth Pay Commissions.
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