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Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the release of an additional instalment of Dearness Allowance (DA) to Central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2024, representing an increase of 4 per cent over the existing rate of 46 per cent of the basic pay/pension, to compensate against price rise.

Cabinet okays 4 per cent hike in DA for Central govt staff

India's economy sprang a surprise with an 8.4 per cent surge in GDP growth during the third quarter (October-December), as a result of which the country's economic growth rate for the financial year 2023-24 is now estimated at a robust 7.6 per cent, figures released by the National Statistics Office on Thursday showed.

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Cabinet okays 4 per cent hike in DA for Central govt staff

India's GDP growth surges to 8.4 per cent in Q3, 2023-24 growth rate pegged at robust 7.6 per cent