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Cabinet approved DA hike of 7% with effect from 1st July 2011

Central Government DACabinet today approved Dearness allowance hike of 7% and consequently, over 50 lakh Central Government Employees and 38 lakh Central Government Pensioners/Family Pensioners will get 58% of their pay in Band/Basic pension as Dearness Allowance with effect from 1.7.2011.

This hike is based on gradual increase of All India Consumer Price Index  (Industrial Workers) for the past 12 months preceding July-2011 (viz.., From July-2010 to Jun-2011)

Month Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10
CPI(IW) 178 178 179 181 182 185
Month Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11
CPI(IW) 188 185 185 186 187 189

Click this link to use GConnect DA Calculator to calculate DA from July-2011

As we predicted last month (see this previous article), Dearness Allowance with effect from 1st July 2011 has been now raised to 58%.

Source: NDTV