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Gujarat announces 4% DA to govt employees, pensioners. All you need to know

Will cost the state exchequer a burden of Rs 930 crore in the current year

debt, money, loans, invest, income, mutual fund, MF, investment, bad loans, debenture,
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BS Web Team New Delhi
The Gujarat Government on Wednesday decided to give four per cent dearness allowance — two instalments — to the employees of the state government, panchayats and pensioners from July 1, 2016. This move will be a financial burden of Rs 930 crore on state exchequer, reported The Indian Express.

Key highlights

Around 8.20 lakh employees of the government, panchayats and pensioners will benefit from the decision.

State government will give two per cent DA from July 1, 2016 to December 31, 2016.

The same will increase to four per cent from January 1, 2017.

Will cost the

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