Cabinet okays 2% DA hike for central govt employees, clears maritime insurance pool
Mint·2h ago·Neutral
What Happened
India's Union Cabinet approved a 2% dearness allowance increase for central government employees and pensioners, raising it to 60% effective January 2026, costing ₹6,791 crore annually and benefiting 118.73 lakh people. It also established Bharat Maritime Insurance Pool with ₹12,980 crore sovereign guarantee to protect Indian vessels amid rising global maritime risks and premium volatility.
Key Entities
Union CabinetDearness AllowanceCentral Government EmployeesPensionersBharat Maritime Insurance PoolPradhan Mantri Gram Sadak Yojana-III