Update: Cabinet meeting to consider hike in dearness allowance postponed to next Monday i.e. 24th September
The proposal to increase the DA from 65 per cent to 72 per cent is likely to be taken up by the Union Cabinet on Friday [21st Spetember 2012], sources said.
The decision, which would benefit about 50 lakh of employees and 30 lakh pensioners of the central government, comes in the backdrop of government increasing the diesel price by Rs 5 per litre and retail inflation crossing the double digit mark.
The hike, once approved, will be effective from July 1, 2012, and the employees would be entitled for arrears from this date.
Read more on: http://ibnlive.in.com/news/central-govt-employees-pensioners-to-get-7-da-hike/293479-7.html
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