50 lakh employees and 30 lakh pensioners to get 10 pct Dearness allowance hike
Posted on: 26/Feb/2014 11:58:34 AM
There is good news for 50 lakh Central Government employees and 30 lakh pensioners since the Union Cabinet is likely to approve hiking dearness allowance to 100 per cent from existing 90 per cent.
The Union Cabinet will take a proposal to hike Dearness allowance for its employees and dearness relief for its pensioners to 100 per cent this Friday as per agenda listed for the meeting.
This increase in the dearness allowance by the UPA-2 government comes ahead of the imposition of the model code of conduct by the Election Commission.
The model code of conduct is likely to come into force with the announcement of the schedule for the forthcoming general elections in a week or so.
Also it would be the second double digit DA hike in a row. The government had announced a hike of 10 per cent to 90 per cent in September last year, effective from July 1, 2013.
The hike in DA would be effective from the January 1 this year.
