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kalahandipost.blogspot.com is not the official website of kalahandi postal division. It is just a private initiative to make the people aware about different postal product and services.All content displayed here are contributed by user and collected from different open sources. We do not claim any accuracy or originality of content.All pages you visit through the hyper link may have different privacy policy.we will not be liable for any losses, injuries or damages arising from its display or use.

Govt to hike dearness allowance by 10%; benefit 80 lakh employees & pensioners

Ahead of festival season, central government will this month announce a hike indearness allowance to 90% from existing 80%, benefiting about 50 lakh central employees and 30 lakh pensioners. 
According to official source, dearness allowance hike will be 10% and would be effective from July 1, this year.

The sources further said the exact amount of dearness allowance, as a proportion of basic pay, works out to over 90% after factoring in the revised all India Consumer Price Index for Industrial Workers (CPI-IW) for June.

According to revised data released on August 30, retail inflation for factory workers for June stood at 11.63%, higher than provisional estimate of 11.06% for the month released on July 31.
Sources said that since the revised estimate for the month of June is available, the finance ministry would soon prepare a proposal for the purpose for seeking Union Cabinet nod.

They further said the proposal will be moved this month. There would be a double digit hike in DA after about three years. It was last in September, 2010, that the government had announced a hike of 10% to be given with effect from July 1, 2010.


DA was hiked to 80% from 72% in April, 2013, effective from January 1, this year.


As per the practice, the government uses CPI-IW data for past 12 month or a year to arrive at a number for the purpose of any DA hike. Thus, the retail inflation for industrial workers between July, 2012 to June 2013 will be used to take a final decision.

Source:-The Times of India

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