8% hike likely to be approved on 2.4.2013
Union Cabinet is likely to approve
tomorrow a proposal to increase dearness allowance (DA) to 80 per cent from
existing 72 per cent benefiting about 50 lakh employees and 30 lakh pensioners
of the central government.
"The Union Cabinet may consider
the finance ministry proposal to increase the DA by 8 per cent to 80 per cent
in its meeting scheduled for tomorrow", a source said.
The hike would be effective from
January 1, 2013 and the employees and pensioners would be entitled for arrears,
he said.
Source : Indian Express
