DA, DR not to be automatically merged with basic once they reach 50%

[ad_1] Dearness Allowance (DA) and Dearness Relief (DR) will not be automatically merged into basics even after touching 50 per cent mark, a senior Finance Ministry official clarified on Friday. This is not good news for 49.18 lakh central government...

Central Government employees and pensioners to receive 4% hike in DA and DR from January 1

[ad_1] The Union Cabinet on Thursday approved hike in dearness allowance (DA) for central government employees and dearness relief (DR) for pensioners by 4 per cent with effect from January 1. Also read: PFRDA brings pension funds under PMLA netWith...