Cabinet approves 4% increase in DA and DR to Govt employees | Daily Current Affairs Dose

Cabinet approves 4% increase in DA and DR to Govt employees | Daily Current Affairs Dose

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is Cabinet approves 4% increase in DA and DR to Govt employees.

Our Daily Current Affairs Dose 2022 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

Cabinet approves 4% increase in DA and DR to Govt employees | Daily Current Affairs Dose

Cabinet approves 4% increase in DA and DR to Govt employees: The Cabinet, chaired by Prime Minister Narendra Modi, has approved the release of additional instalment of Dearness Allowance and Dearness Relief @ 4% to Central Government employees and pensioners due from 01.07.2022 based on the percentage increase in 12 monthly average of All India Consumer Price Index for the period ending June, 2022.

Cabinet approves 4% hikes additional dearness allowance (DA) for government employees and pensioners

The Central Government employees and pensioners will become entitled to higher amount of Dearness Allowance and Dearness Relief respectively, w.e.f. 01.07.2022.

Read Also: Cabinet approves 3% increase in DA of Central Govt employees, pensioners due from July 1, 2021 

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impart on the exchequer on account of both Dearness Allowance and Dearness Relief would be of the order of Rs.12,852.56 crore per annum; and Rs.8,568.36 crore in the financial year 2022-23 (i.e. for a period of 8 months from July, 2022 to February, 2023)

Important facts for upcoming exams from the above Current Affairs Topic 

• President of India: Droupadi Murmu 
• Vice President of India: Jagdeep Dhankhar
• Prime Minister of India: Narendra Modi 
• Chief Justice of India: Uday Umesh Lalit 
• Lok Sabha Speaker of India: Om Birla 
• Capital of India: New Delhi 
• Largest city of India: Mumbai 
• Official languages of India: Hindi / English 
• Currency of India: Indian rupee (₹) (INR) 
• Total Population of India 2018 estimate: Neutral increase 1,352,642,280