DC | 2 hours 54 min ago
New Delhi: With the festival season round the corner, the government is considering announcing a 10 per cent hike in dearness allowance (DA) to make it 90 per cent from existing 80 per cent, benefiting about 50 lakh central employees and 30 lakh pensioners in the country.
With the festival season round the corner the Centre is considering announcing a 10 per cent hike in dearness allowance (DA) to make it 90 per cent from existing 80 per cent, benefiting about 50 lakh Central employees and 30 lakh pensioners.
Sources said that the finance ministry is working out a Cabinet note to give 10 per cent DA hike to employees and pensioners, which would be effective from July 1 this year.
The sources further said the exact amount of dearness allowance, as a proportion of basic pay, works out to over 90 per cent after factoring in the revised all India Consumer Price Index for Industrial Workers for June.
According to revised data released on August 30, retail inflation for factory workers for June stood at 11.63 per cent, higher than provisional estimate of 11.06 per cent for the month released on July 31. The finance ministry would soon take the proposal to the Cabinet for its nod.
New Delhi: With the festival season round the corner, the government is considering announcing a 10 per cent hike in dearness allowance (DA) to make it 90 per cent from existing 80 per cent, benefiting about 50 lakh central employees and 30 lakh pensioners in the country.
With the festival season round the corner the Centre is considering announcing a 10 per cent hike in dearness allowance (DA) to make it 90 per cent from existing 80 per cent, benefiting about 50 lakh Central employees and 30 lakh pensioners.
Sources said that the finance ministry is working out a Cabinet note to give 10 per cent DA hike to employees and pensioners, which would be effective from July 1 this year.
The sources further said the exact amount of dearness allowance, as a proportion of basic pay, works out to over 90 per cent after factoring in the revised all India Consumer Price Index for Industrial Workers for June.
According to revised data released on August 30, retail inflation for factory workers for June stood at 11.63 per cent, higher than provisional estimate of 11.06 per cent for the month released on July 31. The finance ministry would soon take the proposal to the Cabinet for its nod.
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