The Central government has approved a four percent increase in Dearness Allowance for central government employees and pensioners, bringing the total to 42 per cent of the Basic Pay.
- This move will benefit over 47 lakh central government employees and more than 69 lakh pensioners.
- The decision was announced by Information and Broadcasting Minister Anurag Singh Thakur after a Cabinet meeting in New Delhi on 24th March 2023.
- The increase in Dearness Allowance and Dearness Relief will result in a combined impact of over 12 thousand 815 crore rupees per annum on the exchequer.
- The decision is in line with the accepted formula based on the recommendations of the 7th Central Pay Commission.
Questions : What is the total increase in Dearness Allowance for central government employees and pensioners approved by the Central government on 24th March 2023?
Answer: C) 4%