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You are here: Home / Allowance / Government approves 10% DA hike, to benefit 50 lakh central employees.

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Government approves 10% DA hike, to benefit 50 lakh central employees.

September 20, 2013 by admin 10 Comments

Government approves 10% DA hike, to benefit 50 lakh central employees.

The government today approved a proposal to hike dearness allowance to 90 per cent from existing 80 per cent, a move that would benefit about 50 lakh central government employees and 30 lakh pensioners.

“The Union Cabinet approved the proposal to increase dearness allowance to 90 per cent at its meeting here. The hike would be effective from July 1, this year,” a source said.

According to the source, the increase in DA to 90 per cent would result in additional annual expenditure of Rs 10,879 crore. There would be additional burden of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in DA.

This is 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 per cent to be given with effect from July 1, 2010.

DA was hiked to 80 per cent from 72 per cent in April, 2013, effective from January 1, this year.

As per the practice, the government uses CPI-IW data for past 12 months to arrive at a number for the purpose of any DA hike.

The retail inflation for industrial workers between July, 2012 and June 2013 was used to compute the increase in DA.

Source: ECT

http://economictimes.indiatimes.com/news/economy/policy/govt-approves-10-per-cent-da-hike-to-benefit-50-lakh-central-employees/articleshow/22797390.cms

Filed Under: Allowance, DA Over 50%, Dearness Allowance, Expected DA, Latest News Tagged With: Central Government Employees News, Central govt employees, DA Hike, DA of govt employees, Dearness Allowance, Dearness allowance increase, Dearness allowance news

Reader Interactions

Comments

  1. Yarlkankis Rao says

    February 23, 2014 at 3:54 am

    I FULLY SUPPORTING THE PRAPOSAL.

    Reply
  2. Yarlkankis Rao says

    February 23, 2014 at 3:54 am

    I FULLY SUPPORTING THE PRAPOSAL.

    Reply
  3. Kanagaraj Chinnasamy says

    February 28, 2014 at 10:02 am

    very good

    Reply
  4. Kanagaraj Chinnasamy says

    February 28, 2014 at 10:02 am

    very good

    Reply
  5. Murali Dhar says

    February 28, 2014 at 9:54 am

    Good

    Reply
  6. Murali Dhar says

    February 28, 2014 at 9:54 am

    Good

    Reply
  7. Monator Abhishek Chakraborty says

    March 2, 2014 at 6:09 am

    very nice it……….

    Reply
  8. Monator Abhishek Chakraborty says

    March 2, 2014 at 6:09 am

    very nice it……….

    Reply
  9. Mamandur Seshadri says

    March 12, 2014 at 9:24 am

    ood to see.Add a comment…

    Reply
  10. Mamandur Seshadri says

    March 12, 2014 at 9:24 am

    ood to see.Add a comment…

    Reply

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