New Delhi: The Union Cabinet on last Friday approved a proposal to hike dearness allowance to 90 percent from existing 80 percent, a move that would benefit about 50 lakh central employees and 30 lakh pensioners.The hike would be effective from July 1, this year.
The increase in DA to 90 percent 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.
The increase in DA to 90 percent 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.
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