Dearness Allowance
Central Government Dearness Allowance Hike to 7% In a bid to provide relief from high inflation the government has hiked the dearness allowance (DA) by a minimum of 7 per cent benefiting over 50 lakh central government employees and 38 lakh pensioners.The hike will be applicable from July 1 2011.
Dearness allowance is revised twice a year, on January 1 and July 1.The relief comes on the back of high retail prices, as inflation has constantly been above the 9 per cent mark.
Headline inflation based on movement in wholesale prices, was 9.78 per cent in August much above the comfort level of 5-6 per cent.Food inflation too was close to 9.5 per cent for the week ending September 03.
News: www.ndtv.com
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