The central government is likely to hike dearness allowance (DA) from 65 per cent to 72 per cent, benefiting about 50 lakh of its employees and 30 lakh pensioners, on Friday.
“The proposal to increase dearness allowance by 7 per cent of the basic pay is scheduled to come up for consideration of the Union Cabinet on Friday,” a source said.
The hike, once approved, will be effective from July 1, 2012, and the employees would be entitled for arrears from this date.
The government had increased DA last in March this year from 58 per cent to 65 per cent, which was effective from January 1, 2012.
The government periodically hikes the DA, which is linked to consumer price index for industrial workers. The CPI is hovering around 10 per cent.
Keywords: Central government, hike DA, dearness allowance, basic pay
Comments:
Without getting work,Govt is just wasting money like this for vote bank
and troubling common man.If MMS doesnt have money why pay 100cr for
propaganda?
MMS is just fuelling inflation for votebank and destroyed the economic
fundamentals of India.Never heard a regime which run 10 percent ,15
percent inflation year after year.
I really dont know if it would help anybody except the pensioner. I work for Coal India, and we are not getting any D.A hike. only 6 LPG, Petrol touched the sky, every item's rate has gone double, only 7% wont do. Sorry Mr. Manmohan.
Please Email the Editor