Central government employees’ DA raised 7 percent
September 15th, 2011 - 5:34 pm ICT by IANS
New Delhi, Sep 15 (IANS) Ahead of the festival season, the government Thursday raised the dearness allowance of central government employees and pensioners by 7 percent effective July 1 in view of the stubbornly high inflation.
“Dearness allowance of central government employees is rised from 51 percent to 58 percent. The hike is effective from July 1, 2011,” Information and Broadcasting Minister Ambika Soni told reporters here after a cabinet meeting chaired by Prime Minister Manmohan Singh Thursday.
Soni said the hike in dearness allowance would provide major relief to the employees and pensioners as prices of essential commodities have been consistently rising.
“The total financial implications due to the hike will be Rs.7,228.76 crore per annum. During the current financial year it will be Rs.4,819.22 crore,” Soni said.
Nearly five million central government employees and four million pensioners would benefit from the decision.
Soni said the government was taking a series of measures to minimise the impact of rising prices on the common people.
Inflation has remained stubbornly high, near double-digits, for almost two years.
According to official data released Wednesday, the headline inflation, based on the the Wholesale Price Index, rose to 9.78 percent in August as compared to 9.22 percent in the previous month and 8.87 percent in August 2010.
Food inflation declined marginally to 9.47 percent for the week ended Sep 3 as compared to 9.55 percent in the previous week, according to data released by the ministry of commerce and industry Thursday.
- Food inflation rises to 9.13 percent - Sep 29, 2011
- Food inflation drops to 8.84 percent - Sep 22, 2011
- Food inflation slips marginally, still above comfort level - Oct 13, 2011
- After poor factory output, India's inflation nudging double-digit - Sep 14, 2011
- Food inflation rises to 9.80 percent; Pranab expresses concern - Aug 25, 2011
- Inflation continues to remain high, rate hike likely again - Oct 14, 2011
- After petrol price hike, brace for higher interest on loans - Sep 16, 2011
- Food inflation rises 9.41 percent; Pranab expresses concern - Oct 07, 2011
- Rate hike will bring down inflation, hopes Pranab - Sep 16, 2011
- Inflation eases a tad to 9.22 percent in July - Aug 16, 2011
- Government employees to get 7 percent additional dearness allowance - Mar 23, 2012
- Prime Minister meets top officials on curbing inflation - Oct 15, 2011
- Dearness allowance for central government employees hiked - Sep 16, 2010
- Food inflation soars to 'disturbing' level of 10.05 percent - Sep 01, 2011
- Food inflation dips marginally to 9.55 percent - Sep 08, 2011
Tags: ambika soni, cabinet meeting, central government, commodities, common people, double digits, financial implications, government employees, headline inflation, july 1, manmohan, manmohan singh, measures, ministry of commerce, New Delhi, pensioners, prime minister manmohan, prime minister manmohan singh, wholesale, wholesale price index