Cabinet hikes DA to 100%, salary may increase by 30%
NEW DELHI: The Union Cabinet on Friday raised dearness allowance to 100% from 90%, benefiting 50 lakh employees and 30 lakh pensioners.
The government has also cleared the way for merger of 50% DA with basic pay by approving it among the terms of reference of the 7th Pay Commission. An official said now the commission can suggest the merger in its interim report.
He added that 50% DA merger with basic pay will roughly increase the gross salaries of central government employees by around 30%.
The...
Monday, 1 September 2014
Central Government likely to approve 7% additional DA
Central Government likely to approve 7% additional DA
Government to increase dearness allowance to 107%
The Government is likely to approve a hike in dearness allowance (DA) to 107 per cent from the existing 100 per cent, benefiting around 30 lakh Centre’s employees and its 50 lakh pensioners including dependents.
“The average rate of retail inflation for industrial workers from July 1, 2013 to June 30, 2014 works out to be 7.25 per cent. Thus the Central government will hike dearness allowance for it employees by 7 per cent,” an official...
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