Friday, March 23, 2012
UNION CABINET APPROVED A PROPOSAL TO HIKE ADDITIONAL DEARNESS ALLOWANCE BY 7% FOR CENTRAL STAFF AND CENTRAL PENSIONERS...
In a good news for Central government employees, the government on Friday announced a seven per cent hike in the dearness allowance to compensate for the rise in prices of essential commodities. There will be an equal hike in dearness relief to pensioners.
The increased DA and DR will be applicable from January 1, 2012.
The hike approved by the Union Cabinet will take the DA from 58 to 65 per cent of the basic pay and pension.
The increase in DA and DR will cost the national exchequer Rs 7,474 crore annually, while for the remaining period of this fiscal and the next financial year, the implication would be Rs 8,720 crore.
The government had last effected a hike in DA and DR in September last year. The DA is revised every six months as it is linked with the consumer price index for industrial workers.
DA Hike Indian Express
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Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
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