Govt approves 10 per cent DA hike, to benefit 50 lakh central employees
20 Sep, 2013, PTI
The increase in DA to 90 per cent would
result in additional annual expenditure of Rs 10,879 crore
NEW
DELHI: The government today approved a proposal to hike dearness
allowance to 90 per cent from existing 80 per cent, a move that would
benefit about 50 lakh central government employees and 30 lakh
pensioners.
"The Union Cabinet approved the proposal to increase
dearness allowance to 90 per cent at its meeting here. The hike would be
effective from July 1, this year," a source said.
According to the
source, the increase in DA to 90 per cent would result in additional
annual expenditure of Rs 10,879 crore. There would be additional burden
of Rs 6,297 crore on exchequer during 2013-14 on account of this hike in
DA.
This is a double digit hike in
DA after about three years. It was last in September, 2010, that the
government had announced a hike of 10 per cent to be given with effect
from July 1, 2010.
DA was hiked to 80 per cent from 72 per cent in April, 2013, effective from January 1, this year.
As per the practice, the government uses CPI-IW data for past 12 months to arrive at a number for the purpose of any DA hike.
The retail inflation for industrial workers between July, 2012 and June 2013 was used to compute the increase in DA.
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