Friday, March 19, 2010

8% DA for Central Govt. Employees & Pensioners

The government on Friday increased the dearness allowance for
central government employees and pensioners by eight percentage points to compensate for price rise.
The increase is in accordance with the accepted formula based on the
recommendations of the Sixth Central Pay commission, Union information and broadcasting minister Ambika Soni told reporters after a meeting of the Union Cabinet here.
The increase would be eight per cent over the existing rate of 27 per
cent of basic pay or pension.
The additional installment of dearness allowance would be released with effect from January this year.

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