Thursday, September 19, 2013
Cabinet to approve 10% D.A. for central staff and pensioners on Friday
Ahead of the festive season, the UPA government is set to hike the dearness allowance (DA) of its employees by 10%, a move that will benefit almost 8 million people by boosting their purchasing power. The Union cabinet will consider a proposal on the raising the allowance, which is a proportion of basic pay, at its meeting on Friday, the 20th September'13.
The Centre’s decision will not only directly benefit 5 million employees and 3 million pensioners, but also help infuse more money into the economy.
Top government sources said the new DA rates would be applicable from July 1.
The sources further said the exact amount of DA, as a proportion of basic pay, works out to over 90% after factoring in the revised All-India Consumer Price Index for Industrial Workers (CPI-IW) for June.
The DA was hiked to 80% from 72% in April 2013, effective from January 1, this year.
Source : Hindustan Times (With inputs from PTI)