NEW DELHI: The government on Friday approved a proposal to hike dearness allowance to 90% from existing 80%, a move that would benefit about 50 lakh central government employees and 30 lakh pensioners.
"The Union Cabinet approved the proposal to increase dearness allowance
to 90% at its meeting. The hike would be effective from July 1, this
year," a source said.
This is a double
digit hike in DA after about three years. It was last in September,
2010, that the government had announced a hike of 10% to be given with
effect from July 1, 2010.
DA was hiked to 80% from 72% in April, 2013, effective from January 1, this year.
As per the practice, the government uses CPI-IW data for past 12 months to arrive at a number for the purpose of any DA hike.
NEW DELHI: The government on Friday approved a proposal to hike dearness allowance to 90% from existing 80%, a move that would benefit about 50 lakh central government employees and 30 lakh pensioners.
NEW DELHI: The government on Friday approved a proposal to hike dearness allowance to 90% from existing 80%, a move that would benefit about 50 lakh central government employees and 30 lakh pensioners.
