Monday, September 24, 2012

7% DA for Central Government Employees

The Cabinet on Monday approved a hike of 7% in dearness allowance (DA) for central government employees. This means, the DA will now be 72 per cent from the current 65 per cent of basic pay.

This will benefit about 50 lakh employees and 30 lakh pensioners across India. Last time the government increased the DA was in March 2011 which came into effect from January 1, 2012.

The current hike will be effective from July 1 this year and employees would be entitled for arrears from this date.

Source : http://economictimes.indiatimes.com/

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