CABINET APPROVES 8% HIKE IN   D.A  FOR CENTRAL GOVERNMENT EMPLOYEES :: -

UNION CABINET APPROVED A PROPOSAL TO HIKE AN ANOTHER ADDITIONAL DEARNESS ALLOWANCE BY 8% FOR CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS.

THE CENTRAL GOVERNMENT TODAY APPROVED TO RELEASE A EIGHT PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM JANUARY 2013.

THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 72% PER CENT OF BASIC EMOLUMENTS TO 80% PER CENT WITH EFFECT FROM 1.1.2013 TO COMPENSATE FOR PRICE RISE. Orders from Finance Ministry is awaited.