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Govt Brings Pre-Diwali Cheer To Employees With 10% More DA

PUBLISHED BY: SURENDER KUMAR
SEPTEMBER 20, 2013

   
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The Central Government employees, both serving and retired have cause for cheer as the government has announced additional dearness allowance (DA) and dearness relief (DR) of 10 % effective July 1. This will benefit around 50 lakh serving employees and 30 lakh retired employees.

 

 

 

The latest hike raises the effective rate of DA and DR to 90 % and would need additional outgo of of Rs 7, 253 crore in 2013-14 and Rs 10,879 crore 2014-15 onwards. These revisions are based on the consumer price index changes. This double digit hike in DA comes after three years.



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