Government approves 10% DA hike

 The government nowadays approved a proposal to hike dearness permitting to 90 % from existing 80 %, a move that would benefit about 50 lakh central government employees as well as 30 lakh pensioners.

"The Union Cabinet approved the proposal to increase dearness allowance to 90 % at its getting together with here. The hike could be effective from Come early july 1, this yr, " a origin said.

According for the source, the increase inside DA to 90 % would result inside additional annual expenditure of Rs 10, 879 crore. There could be additional burden of Rs 6, 297 crore on exchequer during 2013-14 out of this hike inside DA.

This is often a double digit backpack in DA after several years. It seemed to be last in September, 2010, that the us government had announced a hike of 10 % to be offered with effect by July 1, 2010.

DA was hiked to 80 % from 72 % in April, 2013, effective from January 1, this coming year.

As per your practice, the government employs CPI-IW data regarding past 12 months to arrive at a number with regards to any DA backpack.

The retail inflation regarding industrial workers concerning July, 2012 and 06 2013 was accustomed to compute the boost in DA.
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1 comments:

  1. This SWINDLING GOVT.is paying Rs.10800 crores as DA hike so as not to lose VOTES from the GOVT.Employees in the coming 2014 Elections.
    Businesses are losing and many are closing down and this GOVT.can ill-afford this EXTRAVAGANZA of and its motives are clear...GET VOTES at the cost of the EXCHEQUER,never mind that TAX revenues are DOWN.CHOR GOVT.

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