Friday, February 28, 2014

10% DA hike to Central employees, pensioners

10% DA hike to Central employees, pensioners

Government on Friday raised dearness allowance to 100 per cent, from 90 per cent, benefiting its 50 lakh employees and 30 lakh pensioners.

The decision to hike DA for its employees and to provide dearness relief for pensioners, by 10 per cent to 100 per cent was taken by the Union Cabinet in its meeting held in New Delhi.

“The Union Cabinet has approved the proposal to hike Dearness allowance for its employees and dearness relief for its pensioners to 100 per cent in its meeting held here,” a source said.


The code is likely to come into force with the announcement of the schedule for the forthcoming general elections in a week or so.

Also it would be the second double digit DA hike in a row.

The government had announced a hike of 10 per cent to 90 per cent in September last year, effective from July 1, 2013.

The new hike in DA would be effective from the January 1 this year.

As per practice, the government uses Consumer Price Index- Industrial Workers data of the past 12 months to arrive at a quantum for the purpose of any DA hike. Thus, the retail inflation for industrial workers between January 1 to December 31, 2013 was used to take a final call on the matter.

According to the provisional data released by government on January 31, the retail inflation for factory workers in December was 9.13 per cent. The revised retail inflation data for December is scheduled to be released on Friday.

An official had said earlier that the preliminary assessment suggests that DA hike will not be less than 10 per cent and would be effective from January 1.

The government also approved the implementation of 1997 pay scale along with increase in the retirement age from 58 to 60 for the employees of Hindustan Machine Tools Limited (HMT).

The cabinet also approved a soft loan of Rs 200 crore for paying salaries to employees of loss-making PSU Indian Telephone Industries (ITI) Ltd.

10% DA hike to Central employees, pensioners Rating: 4.5 Diposkan Oleh: Pravin Dabhani

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