DA hiked by 2% for central govt employees, pensioners
The Cabinet on Thursday approved 2% hike in Dearness Allowance (DA) for Central Government employees and pensioners, effective from July 1, 2016. The move is expected to benefit around 50 lakh government employees and 58 lakh pensioners. Notably, DA is a cost of living adjustment allowance paid to employees and pensioners to neutralise the effect of inflation.