Dearness allowance hiked for central government employeesMarch 7th, 2008 - 9:39 pm ICT by admin
New Delhi, March 7 (IANS) The union cabinet Friday decided to raise the dearness allowance (DA) for central government employees and pensioners by six percent, taking it to 47 percent of their basic pay. The hike will be effective from Jan 1 this year. Announcing the decision, Minister for Information and Broadcasting Priyaranjan Dasmunshi said: “The union cabinet has approved the additional instalment of dearness allowance to union government employees and relief to pensioners due from January 1, 2008 in cash at the rate of 6 percent over the existing rate of 41 percent, increasing it to 47 percent.”
This will entail an additional state expenditure of about Rs.32 billion a year.