The Cabinet has announced a six per cent hike in the Dearness Allowance for all its employees.This increase will become effective from Jan 1 2009.
The decision will benefit 41 lakh government employees and another 38 lakh pensioners.Now the DA component in the salaries and pensions will increase from the 16 to 22 per cent
The decision to increase DA was taken because of the rise in the consumer price index for industrial workers.
DA is revised twice a year, from January one and July one, payable in salaries of March one and September one, respectively.
The additional financial implication on account of the increase in DA to Central government employees (excluding pensioners) would be Rs 4,100 crore for 14 months from January
one this year.
The rise in allowance, called dearness relief, to pensioners will cost the exchequer Rs 1,920 crore during the period
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