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Media Report : DA hike to be approved this Friday(20-09-2013).




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18 Sep, 2013 9:20a.m.

As per the reports, the union government is set to approve the 10% hike in the Dearness Allowance for the central government employees during the cabinet meeting on 20th September, 2013. the move can be seen as a move to woo the salaried class, even though the DA hike is only a regular procedure. As per practice, the government uses CPI-IW data for past 12 months or a year to arrive at a number for calculating the DA hike.

The hike comes in the festival season and also ahead of the assembly elections as well as the 2014 general elections. The move will benefit 5 million employees and 3 million pensioners. Also this move will pump more money into the domestic economy.

Read article : http://www.hindustantimes.com/business-news/WorldEconomy/Centre-set-to-hike-DA-of-govt-employess-by-10/Article1-1123382.aspx


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