: Gujarat govt hikes DA for staff, pensioners to 28% #finance #StockMarketNEWS #Business PTI Ahmedabad The Gujarat government on Monday approved an increase of 11 per cent in Dearness Allowance

@newsMNC

Posted in: #finance

Gujarat govt hikes DA for staff, pensioners to 28% #finance #StockMarketNEWS #Business
PTI



Ahmedabad



The Gujarat government on Monday approved an increase of 11 per cent in Dearness Allowance to state government employees and pensioners with retrospective effect from July 1, taking the new rate to 28 per cent.



The new DA will be 28 per cent following an increase of 11 per cent over the existing rate of 17 per cent of basic salary, and this was at par with the one being provided to Central government staffers and pensioners, Gujarat Chief Minister Nitin Patel said.



“The Union government, in July, raised DA for its employees from 17 per cent to 28 per cent. Since the state government usually follows Central DA rates and does revisions accordingly, we too decided to hike the DA from 17 per cent to 28 per cent, to be effective from July 1,� he told reporters.



“This DA revision will benefit some 9.61 lakh state government and panchayat employees, as well as 4.5 lakh pensioners covered under the 7th Pay Commission. The hike will cost the state exchequer Rs 378 crore every month. The new DA will reflect in the salary of September,� Patel added.
The post Gujarat govt hikes DA for staff, pensioners to 28% appeared first on The Navhind Times.

Latest stock market news Twitter alternate of India

Flash it Bury this

0 Reactions   React

Replies (0)

Login to post a comment!