Home ยป Its official - 5 pc Dearness Allowance announced
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Its official - 5 pc Dearness Allowance announced
The central government on Thursday announced a five per cent hike in dearness allowance for its employees and pensioners, with retrospective effect from July 1.
The decision was taken at a meeting of the union cabinet chaired by Prime Minister Manmohan Singh, Information and Broadcasting Minister Ambika Soni told reporters in New Delhi after the meeting.
Dearness allowance will now be 27 per cent of the basic pay of government officials and pensioners.
The hike will cost the government Rs 2,903.55 crore in 2009-10 and Rs 4, 355.35 crore per year in subsequent years, Soni said.
Earlier report: http://staffcorner.com/blog/2009/07/07/5-da-expected/
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