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StaffCorner

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02 Apr, 2013 09:54 PM

FM on tour, hiking of the DA deferred

FM on tour, hiking of the DA deferred

The decision on hiking dearness allowance (DA) of central government employees was deferred by the government today. The cabinet was supposed to approve the proposal to increase dearness allowance (DA) to 80 percent from existing 72 percent on MAC

Tuesday. The increase in DA would have benefited about 50 lakh employees and 30 lakh pensioners.

It was expected the the DA hike would be announced at the cabinet meeting today. The meeting had taken place but the proposal on DA has been deferred as the Finance Minister was not present. This was informed by the Information and Broadcasting Minister Manish Tewari told reporters after the Cabinet meeting chaired by Prime Minister Manmohan Singh here.

Finance Minister P Chidambaram is on an official visit to Japan. The minister is on a three-day official tour from Monday to woo investors. The announcement on DA hike is expected at the next cabinet meeting

A hike in DA has been proposed with effect from January 1, 2013, according to sources.



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