Cabinet clears 8% DA hike

According to PTI News release Union Cabinet on Friday (19.03.2010) approved 8% hike in the Dearness Allowance (DA) for central government employees. This decision is likely to bring relief to nearly 50 lakh central government employees and pensioners.

According to reports, the Cabinet has approved the revision in DA from existing 27% to 35% of basic salaries.

The increase, with retrospective effect from January this year, will cost the exchequer Rs 6469.36 crore per annum next fiscal, Information & Broadcasting Minister Ambika Soni informed scribes here today.

Source: PTI