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Last Updated : Oct 12, 2019 08:20 PM IST | Source: PTI

Punjab govt hikes DA by 3% for employees, pensioners

The state government described this announcement as 'Diwali bonanza' for employees and pensioners.

The Punjab government on October 12 announced three percent hike in the dearness allowance (DA) for government employees and pensioners, a move which will put a burden of Rs 480 crore on the state exchequer.

"The employees/pensioners are all set to get a 3 percent hike in their Dearness Allowance (DA) with effect from November 1, 2019," Finance Minister Manpreet Singh Badal said in a statement here.

The state government described this announcement as 'Diwali bonanza' for employees and pensioners.

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"The decision of the Punjab government will cost the exchequer an additional Rs 480 crore per annum," said the finance minister, adding the implementation of the decision coincides with the Diwali celebrations for the employees and pensioners.

The government would continue to ensure that the employees and pensioners get their due, irrespective of the state's fiscal situation, Badal said.

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First Published on Oct 12, 2019 08:19 pm
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