Centre to hike dearness allowance by 10% NEW DELHI, SEP 1: Ahead of festival season, central government will this month announce a hike in dearness allowance to 90% from existing 80%, benefiting about 50 lakh central employees and 30 lakh pensioners. According to official source, dearness allowance hike will be 10% and would be effective from July 1, this year. Sources said the finance ministry would soon prepare a proposal for the purpose for seeking Union Cabinet nod. They further said the proposal will be moved this month. There would be 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.
Posted on: Sun, 01 Sep 2013 15:13:23 +0000
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