New Delhi: The Union Cabinet on Thursday approved a proposal to increasedearness allowance (DA) by 8 percent to 80 percent from existing 72 percent.
The move will benefit about 50 lakh employees and 30 lakh pensioners of the central government.
The hike would be effective from January 1, 2013 and the employeesand pensioners would be entitled for arrears.
Decision on hiking DA was deferred on April 2 as the Finance Minister was not present.
The government had hiked DA to 72 percent in September last year, which had come into effect from July 1, 2012.
Source - employee news center